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

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