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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 ago
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