Chaterlain Company is preparing its budget for the 3rd quarter. Cash balance on July 31 was $30,000. Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional budgeted data is provided here: 
Calculate the balance of cash at the end of August.
A) $19,100
B) $28,800
C) $29,050
D) $32,000
Correct Answer:
Verified
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