Harrah Company provided the following information for the month of October: $$\begin{array} { l l }
\text { Beginning cash balance } & \$ 35,000 \
\text { Cash receipts } & 460,000 \
\text { Cash disbursernents } & 485,000
\end{array}$$ Harrah's policy is to keep a minimum end-of-the-month cash balance of $30,000.How much will Harrah's need to borrow during August?

Question

Harrah Company provided the following information for the month of October: $$\begin{array} { l l } 
\text { Beginning cash balance } & \$ 35,000 \
\text { Cash receipts } & 460,000 \
\text { Cash disbursernents } & 485,000
\end{array}$$ Harrah's policy is to keep a minimum end-of-the-month cash balance of $30,000.How much will Harrah's need to borrow during August?

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The Answer of Harrah Company provided the following information for the month of October: $$\begin{array} { l l } 
\text { Beginning cash balance } & \$ 35,000 \
\text { Cash receipts } & 460,000 \
\text { Cash disbursernents } & 485,000
\end{array}$$ Harrah's policy is to keep a minimum end-of-the-month cash balance of $30,000.How much will Harrah's need to borrow during August?

Harrah Company Provided the Following Information for the Month of October