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

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Accounting

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, $94,400. Cash receipts from sales, $415,000. Budgeted cash payments for purchases, $270,000. Budgeted cash payments for salaries, $95,400. Other budgeted cash expenses, $57,400. Cash repayment of bank loan, $32,400. Budgeted depreciation expense, $34,400. Multiple Choice $77,200. $86,600. $19,800. $54,200. $111,600

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