Determine the amount the company would have to borrow, Accounting Basics

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Determine the amount the company would have to borrow

The following information was taken from Hurlbert Company cash budget for the month of June:

Beginning cash balance $23,000
Cash receipts 31,000
Cash disbursements 39,000

If the company has a policy of maintaining end of the month cash balance of $20,000, determine the amount the company would have to borrow ?

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Accounting Basics: Determine the amount the company would have to borrow

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Accounting Basics: Determine the amount the company would have to borrow

Reference No:- TGS061896

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Ask an Expert for Answer!!

Accounting Basics: Determine the amount the company would have to borrow

Reference No:- TGS061896

Recent Questions Asked Accounting Basics

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