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Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance...

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Accounting

Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $190,000 and budgeted cash disbursements total $189,000. The desired ending cash balance is $32,000. The excess (deficiency) of cash available over disbursements for July will be:

Multiple Choice

  • $19,000

  • $17,000

  • $1,000

  • $208,000

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