Warbel Company Is Preparing a Cash Budget for the Month

Multiple Choice

Warbel Company is preparing a cash budget for the month of June.The following information is available:
$\begin{array}{ll}\text { Cash Balance, May 31, 2015 } & \$ 11,000 \\\text { Cash collections from customers in June } & 43,000 \\\text { Cash paid for merchandise in June } & 20,000 \\\text { Cash paid for operating expenses in June } & 20,000 \\\text { Paid cash dividend in June } & 5,000\end{array}$
The minimum cash balance desired is $5,000.What is the cash balance on June 30,2015?

A) $8,000
B) $9,000
C) $10,000
D) $13,000