In the Month of August,a Firm Had Total Cash Receipts

In the month of August,a firm had total cash receipts of $10,000,total cash disbursements of $8,000,depreciation expense of $1,000,and a beginning cash balance of $500.At the end of August,the firm wants a minimum cash balance of $3,000.At the end of August,the firm ________.

A) required total financing of $500
B) had an excess cash balance of $5,500
C) had an excess cash balance of $500
D) required total financing of $2,500