Western company is preparing a cash budget for june

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Reference no: EM131022171

12] Western Company is preparing a cash budget for June. The company has $11,100 cash at the beginning of June and anticipates $30,900 in cash receipts and $36,300 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must:

Repay $5,700.
Borrow $5,400.
Borrow $4,300.
Borrow $10,000.
Repay $4,300.

Reference no: EM131022171

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