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Determine the budgeted cash Payments for January

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Reference no: EM133106727

Question - Determine the budgeted cash Payments for January from the following information:

Bank cash balance at 1 January $141,700

Budgeted Cash Receipts for January $60,000

Operating Expenses incurred for December $33,000 and January $36,000

Depreciation of $6,000 per month is included in the Operating Expenses.

Operating Expenses are paid in the month after they are incurred.

Amounts include GST where applicable.

Required - What the budgeted cash Payments for January?

a. $27,000

b. $36,000

c. $33,000

d. $30,000

Reference no: EM133106727

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