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Accounting Assignment | Custom Assignment Help

Author:
September 17th, 2019

p2 16 The following information was taken from Bounders Company cash budget for the month of July:

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  1. Beginning cash balance $25,000
  2. Cash receipts 24,000
  3. Cash disbursements 34,000

If the company has a policy of maintaining an end of the month cash balance of $25,000, the amount the company would have to borrow is number 3?

  1. $10,000.
  2. $5,000.
  3. $15,000.

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