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Arakaki Inc. is working on its cash budget for January. The budgeted beginning cash balance...

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Accounting

Arakaki Inc. is working on its cash budget for January. The budgeted beginning cash balance is $20,000. Budgeted cash receipts total $192,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $36,000. The excess (deficiency) of cash available over disbursements for January will be:

$19,000

$212,000

$21,000

$1,000

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