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

Question

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

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

Gerry Company Has Gathered the Following Information