Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.
1. Beginning cash balance on June 1, $94,300.
2. Cash receipts from sales, $414,500.
3. Budgeted cash disbursements for purchases, $269,500.
4. Budgeted cash disbursements for salaries, $95,300.
5. O ther budgeted cash expenses, $57,300.
6. Cash repayment of bank loan, $32,300.
7. Budgeted depreciation expense, $34,300.
A) $111,700 B) $54,400 C) $86,700 D) $77,400
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Use the following information to determine the ending cash balance to be reported on the month ended...
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