How much does the company need to borrow

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Reference no: EM133348339

Question: Mo money Mo (Acounting) Problems Inc. has the following data for the month:

Beg. Cash 1/1:$100

Expected cash collections: $500

Cash Disbursements: $400

The required ending cash balance is $300, how much does the company need to borrow?

Reference no: EM133348339

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