Prepare the cash budget for Enciso Corporation.
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Enciso Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $31,000. Budgeted cash receipts total $135,000 and budgeted cash disbursements total $141,000. The desired ending cash balance is $50,000. The company can borrow up to $100,000 at any time from a local bank, with interest not due until the following month.
Required:
Prepare the company's cash budget for November in good form.
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Solution Summary
This solution prepares a cash budget for November in good form, for Enciso Corporation.
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Cash budget - Enciso Corporation
Beginning cash balance: $31,000
Add:
Cash receipts ...
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