Nizwa Inc. is working on its cash budget for June. The budgeted beginning cash balance is $12,000. Budgeted cash receipts total $188,000 and budgeted cash disbursements total $187,000. The desired ending cash balance is $30,000. Prepare the company's cash budget and count the excess (deficiency) of cash available over disbursements for June.

Nizwa Inc. is working on its cash budget for June. The budgeted beginning cash balance is $12,000. Budgeted cash receipts total $188,000 and budgeted cash disbursements total $187,000. The desired ending cash balance is $30,000. Prepare the company's cash budget and count the excess (deficiency) of cash available over disbursements for June.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 6PA: Relevant data from the Poster Companys operating budgets are: Additional data: Capital assets were...

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