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Waggoner Company has a cash balance of $36,000 on April 1. The company is required...

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Accounting

Waggoner Company has a cash balance of $36,000 on April 1. The company is required to maintain a minimum cash balance of $24,000. During April expected cash receipts are $180,000. Expected cash disbursements during the month total $208,000. During April the company will need to borrow:

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