Question

Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is...

Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $184,000 and budgeted cash disbursements total $183,000. The desired ending cash balance is $31,000. The excess (deficiency) of cash available over disbursements for July will be:

Multiple Choice

  • $16,000

  • $14,000

  • $1,000

  • $199,000

Business   Accounting   
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Answer #1

Option 1st is correct. $16,000.

Amount($)
Beginning cash balance                    15,000
Budgeted cash receipts                 1,84,000
budgeted cash disbursements                -1,83,000
Excess of cash available over disbursements                    16,000
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