Use the Following Information to Determine the Ending Cash Balance

question 220

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 payments for purchases,$268,000.
-Budgeted cash payments 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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