Multiple Choice
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. -Beginning cash balance on June 1,$73,000.
-Cash receipts from sales,$413,000.
-Budgeted cash payments for purchases,$268,000.
-Budgeted cash payments for salaries,$35,000.
-Other budgeted cash expenses,$57,000.
-Cash repayment of bank loan,$32,000.
-Budgeted depreciation expense,$34,000.
A) $94,000.
B) $60,000.
C) $126,000.
D) $149,000.
E) $21,000.
Correct Answer:

Verified
Correct Answer:
Verified
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