Use the Following Information to Determine the Ending Cash Balance

question 136

Multiple Choice

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. Beginning cash balance on June 1, $73,000.
Cash receipts from sales, $413,000.
Budgeted cash disbursements for purchases, $268,000.
Budgeted cash disbursements for salaries, $35,000.
Other budgeted cash expenses, $57,000.
Cash repayment of bank loan, $32,000.
Budgeted depreciation expense, $34,000.

• A) $94,000.
• B) $60,000.
• C) $126,000.
• D) $149,000.
• E) $21,000.

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Definitions:

Lymph-collecting Vessel

Part of the lymphatic system, these vessels carry lymph, a clear fluid containing white blood cells and waste products, back towards the heart.

Lymph Trunk

Large lymphatic vessels that drain lymph from different parts of the body and empty into the venous system.

Lymph Duct

A large vessel in the lymphatic system that drains lymph from various parts of the body back into the blood circulation.

Red Pulp

Tissue in the spleen composed of sinuses filled with blood, responsible for filtering out old or damaged blood cells.