Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. -Beginning cash balance on June 1,$73,000.
-Cash receipts from sales,$413,000.
-Budgeted cash payments for purchases,$268,000.
-Budgeted cash payments for salaries,$35,000.
-Other budgeted cash expenses,$57,000.
-Cash repayment of bank loan,$32,000.
-Budgeted depreciation expense,$34,000.
A)$94,000.
B)$60,000.
C)$126,000.
D)$149,000.
E)$21,000.

Question

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The ending cash balance is calculated as follows:Beginning cash balance: $73,000Add: Cash receipts from sales: $413,000Less: Budgeted cash payments for purchases: $268,000Less: Budgeted cash payments for salaries: $35,000Less: Other budgeted cash expenses: $57,000Less: Cash repayment of bank loan: $32,000Add: Budgeted depreciation expense: $34,000Ending cash balance: $94,000

Use the Following Information to Determine the Ending Cash Balance