Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash

Question

Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $180,000 and budgeted cash disbursements total $179,000. The desired ending cash balance is $39,000. The excess (deficiency) of cash available over disbursements for June will be:

Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $180,000 and budgeted cash disbursements total $179,000. The desired ending cash balance is $39,000. The excess (deficiency) of cash available over disbursements for June will be:

Explanation / Answer

Hi,

Please find the detailed answer as follows:

Cash Budget:

Excess of Cash Available over Disbursements for June= 14000 (Option D)

Thanks.

Opening Cash Balance 13000 Add Budgeted Cash Receipts 180000 Less Budgeted Cash Payments 179000 Ending Cash Balance 14000

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