What amount of money must the company borrow

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Reference no: EM131296113

On January 1, Wilson Company has a beginning cash balance of $16,200. During the year, the company expects cash receipts of $35,000 and cash disbursements of $43,000. If Wilson requires an ending cash balance of $12,600, what amount of money must the company borrow?

Reference no: EM131296113

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