Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 29. use the following information to determine the

29. Use the following information to determine the ending cash balance to be reported on...

70.2K

Verified Solution

Question

Accounting

image
29. Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. -Beginning cash balance on June 1, $94,000 --Cash receipts from sales, $413,000. --Budgeted cash disbursements for purchases, $268,000. - Budgeted cash disbursements for salaries, $95,000 --Other budgeted expenses, $57,000. --Cash repayment of bank loan, $32,000. --Budgeted depreciation expense, $34,000. A. $55,000 B. $21,000. C. $87,000. D. $112,000. E, $78,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Juice is put into bottles and sealed. Each bottle contains 1500 mL of product and has...

Psychology
1.2K views

When you are going to apply for a grant, even from a government agency, where do...

Physics
1.2K views

An ideal spring is hung vertically in its equilibrium position from a ceiling. When a...

Statistics
1.2K views

A sample of size n 48 is drawn from a population whose standard deviation is...

Calculus
1.2K views

Use the equation mpa The slope is f x h f x h to calculate...

Algebra
1.2K views

What are the domain and range of f x 2x 41 O domain x 2...

Accounting
1.2K views

Q. 2 On 31 July 2014, Wesfarmers loaned $110,000 to Toby Tractors on a one...

Accounting
1.2K views

In its statement of cash flows issued for the year ending December 31, Oxford Company...

Accounting
1.2K views

HELPPPP Required information [The following information applies to the questions displayed below.] Delph Company...

Accounting
1.2K views

Exercise 19-22 (Algorithmic) (LO.2) At the time of his death in 2016, Donald owned a...

Accounting
1.2K views

a. Prepare schedule of cost of goods sold for Mighty Sports for January using the...

Accounting
1.2K views

On November 3, 2020, AOC issued $400,000 of 8% bonds at 102. Attached to each...