Natalie has the following budgeted business transactions for the month of October 2020: budgeted payments to raw materials suppliers: £25,000; payments to be made to employees: £6,000; cash expected from customers: £52,000; budgeted accrual in the statement of profit or loss for electricity: £400; budgeted interest received from the bank: £20; personal drawings: £3,000. At 1 October 2020, Natalie is budgeting for a positive cash balance in the bank of £2,780. What is Natalie's budgeted cash balance in the bank at the end of October 2020?
A) £20,360
B) £20,400
C) £20,760
D) £20,800

Question

Quizplus · Accepted Answer

The Answer of Natalie has the following budgeted business transactions for the month of October 2020: budgeted payments to raw materials suppliers: £25,000; payments to be made to employees: £6,000; cash expected from customers: £52,000; budgeted accrual in the statement of profit or loss for electricity: £400; budgeted interest received from the bank: £20; personal drawings: £3,000. At 1 October 2020, Natalie is budgeting for a positive cash balance in the bank of £2,780. What is Natalie's budgeted cash balance in the bank at the end of October 2020?
A) £20,360
B) £20,400
C) £20,760
D) £20,800

Natalie Has the Following Budgeted Business Transactions for the Month