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Calculate the preliminary cash balance at the end of august

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Question - Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts and $134,500 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is:

A. $13,300.

B. $137,800.

C. ($13,700).

D. $3,300.

E. $27,000.

Reference no: EM131873568

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