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

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

Question

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

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

Quizplus · Accepted Answer

Beginning cash balance + cash receipts - total cash disbursements (purchases + salaries + other expenses + repayment of bank loan) - depreciation expense
= $73,000 + $413,000 - $268,000 - $35,000 - $57,000 - $32,000 - $34,000
= $94,000

Use the Following Information to Determine the Ending Cash Balance