Sundy Company Provided the Following Information for the Month of August

question 128

Multiple Choice

Sundy Company provided the following information for the month of August: $\begin{array}{ll}\text { Beginning cash balance } & \$ 7,000 \\\text { Cash receipts } & 549,000 \\\text { Cash disbursements } & 523,000\end{array}$ Sundy borrowed $15,000 and repaid $16,000 during the month.How much will Sundy's report on its budgeted balance sheet at August 31 for cash?

• A)$32,000
• B)$33,000
• C)$26,000
• D)$25,000

---

Definitions:

Au

The chemical symbol for gold, a precious metal with high conductivity, resistance to corrosion, and extensive use in electronics, jewelry, and as a monetary standard.

Fractures

Breaks or cracks in rock which can occur naturally through geological processes or artificially through human activity.

Cleavage

In geology, this refers to the tendency of crystalline materials to split along definite crystalline boundaries, often parallel to planes of weakness in their structure.

Cleavage Planes

Natural planes of weakness along which minerals preferentially break, reflecting their crystallographic structure.