Perry Company has gathered the following information:
Perry desires to keep a minimum cash balance of $20,000.Required:
Prepare a cash budget for May, and indicate whether or not Perry meets minimum cash requirements.

Question

Perry Company has gathered the following information:
  Perry desires to keep a minimum cash balance of $20,000.Required:
Prepare a cash budget for May, and indicate whether or not Perry meets minimum cash requirements.

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The Answer of Perry Company has gathered the following information:
  Perry desires to keep a minimum cash balance of $20,000.Required:
Prepare a cash budget for May, and indicate whether or not Perry meets minimum cash requirements.

Perry Company Has Gathered the Following Information