Nobell Inc.has a cash balance of $20,000 on April 1,2015.They are now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows:
-There are no budgeted capital expenditures or financing transactions during the quarter.Based on the above data,calculate the projected cash balance at the end of June.

Question

Nobell Inc.has a cash balance of $20,000 on April 1,2015.They are now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows:  
-There are no budgeted capital expenditures or financing transactions during the quarter.Based on the above data,calculate the projected cash balance at the end of June.

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The Answer of Nobell Inc.has a cash balance of $20,000 on April 1,2015.They are now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows:  
-There are no budgeted capital expenditures or financing transactions during the quarter.Based on the above data,calculate the projected cash balance at the end of June.