Question
In: Accounting
Walsh Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000....
Walsh Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $188,000. The desired ending cash balance is $30,000. The excess (deficiency) of cash available over disbursements for January is: Select one: a. 23,000 b. $13,000 c. $201,000 d. ($5,000)
Solutions
Expert Solution
The correct answer is Option B i.e. $13,000
Explanation-
The excess (deficiency) of cash available over disbursements for January is
| Particulars | Amount (in $) |
| Beginning Cash Balance | $18,000 |
| Budgeted Cash Receipts | $183,000 |
| Budgeted Cash Disbursements | ($188,000) |
| Excess Cash Available | $13,000 |
ekkarill92 answered 2 years agoRelated Solutions
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