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What the budgeted opening cash balance at start of february

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Question - Bank balance at 1 Jan $63,000 (in funds). Budgeted cash receipts for January $70,000 and February $80,000. Operating expenses are budgeted as December $42,000, January $46,000 and February $29,000. Operating expenses are paid in cash in the month after they are incurred. Depreciation expenses are budgeted as $5,000 per month and are included in the above operating expenses. Based on this information, what the budgeted Opening Cash Balance at the start of February?

Reference no: EM133106821

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