7- Northwest Outdoor Store will have cash receipts of $83,000 in December and cash disbursements of $78,000 for this month. If its beginning cash is $5,000 and its desired reserve is $4,000, what will its excess be for December?
8- For June, Snake River Rafting will have cash receipts of $68,000 and cash disbursements of $85,000. If its beginning cash is $9,000 and its desired reserve is $3,000, what will be its shortfall in cash for the month?
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