Sheridan Company provided the following information for the month of October: Beginning cash balance=$34700 Cash receipts=459600 Cas disbursements=486000 Sheridan's policy is to keep a minimum end-of-the-month cash balance of $29300. How much will Sheridan need to borrow during October? $21000 $26400 $8300 $0
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Sheridan Company provided the following information for the month of October:
Beginning cash balance=$34700
Cash receipts=459600
Cas disbursements=486000
Sheridan's policy is to keep a minimum end-of-the-month cash balance of $29300. How much will Sheridan need to borrow during October?
$21000
$26400
$8300
$0
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