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Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance...

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Accounting

Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $49,000. Budgeted cash receipts total $133,000 and budgeted cash disbursements total $128,000. The desired ending cash balance is $68,000. To attain its desired ending cash balance for May, the company needs to borrow:

$122,000

$0

$68,000

$14,000

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