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Wriston Company is preparing its cash budget for the upcoming month. The beginning cash balance...

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Question

Accounting

Wriston Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be

$17,000.

Budgeted cash disbursements are

$75,500,

while budgeted cash receipts are

$85,700.

Wriston Company wants to have an ending cash balance of

$20,000.

The excess (deficiency) of cash available over disbursements for the month would be

A.

$178,200

B.

$27,200

C.

$95,500

D.

$(27,200)

Answer & Explanation Solved by verified expert
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