Use the following information for #22 and #23: Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $188,000. The desired ending cash balance is $30,000.
22. The excess (deficiency) of cash available over disbursements for January is: A. $23,000 B. $13,000 C. ($5,000) D. $201,000
23. To attain its desired ending cash balance for January, the company should borrow: A. $17,000 B. $0 C. $30,000 D. $43,000
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