+A $ The following information is available for Larkspur Auto Supply Company for the month of February: expected cash receipts $54,000; expected cash disbursements $64,000; cash balance February 1, $20,000. Management wishes to maintain a minimum cash balance of $20,000. Prepare a basic cash budget for the month of February. Larkspur Auto Supply Company Cash Budget February > $ +A
+A $ The following information is available for Larkspur Auto Supply Company for the month of February: expected cash receipts $54,000; expected cash disbursements $64,000; cash balance February 1, $20,000. Management wishes to maintain a minimum cash balance of $20,000. Prepare a basic cash budget for the month of February. Larkspur Auto Supply Company Cash Budget February > $ +A
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information is available for Larkspur Auto Supply Company for the month of February:
expected cash receipts $54,000; expected cash disbursements $64,000; cash balance February 1,
$20,000. Management wishes to maintain a minimum cash balance of $20,000. Prepare a basic cash
budget for the month of February.
Larkspur Auto Supply Company
Cash Budget
February
☑:
☑:
+A
$
A
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