Wriston Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be $12,000. Budgeted cash disbursements are $70,500, while budgeted cash receipts are $86,100
Wriston Company wants to have an ending cash balance of $40,000. The excess (deficiency) of cash available over disbursements for the month would be
A) $27,600.
B) $168,600.
C) $(27,600 ).
D) $110,500.
A
Explanation: A)
Beginning Cash $12,000
Cash Receipts + 86,100
Cash Disbursements -70,500
Cash Available $27,600
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