Enciso Corporation is preparing its cash budget for November.The budgeted beginning cash balance is $31,000.Budgeted cash receipts total $135,000 and budgeted cash disbursements total $141,000.The desired ending cash balance is $50,000.The company can borrow up to $100,000 at any time from a local bank,with interest not due until the following month.
Required:
Prepare the company's cash budget for November in good form.

Question

Quizplus · Accepted Answer

The Answer of Enciso Corporation is preparing its cash budget for November.The budgeted beginning cash balance is $31,000.Budgeted cash receipts total $135,000 and budgeted cash disbursements total $141,000.The desired ending cash balance is $50,000.The company can borrow up to $100,000 at any time from a local bank,with interest not due until the following month.
Required:
Prepare the company's cash budget for November in good form.

Enciso Corporation Is Preparing Its Cash Budget for November