Rogers Corporation Is Preparing Its Cash Budget for July

Multiple Choice

Rogers Corporation is preparing its cash budget for July. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $141,000 and budgeted cash disbursements total $139,000. The desired ending cash balance is $30,000. The excess (deficiency) of cash available over disbursements for July is:

A) $23,000
B) $2,000
C) $166,000
D) $27,000