Western Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,000 in cash receipts and $34,500 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must: Group of answer choices Borrow $4,500. Borrow $2,500. Borrow $10,000. Repay $7,500. Repay $2,500.

Borrow $2,500.

Explanation:

This can be calculated as follows:

Details                                                          $

Beginning cash balance                        12,000

Anticipated cash receipts                     30,000

Anticipated cash disbursement           (34,500)

Cash balance before financing              7,500

Amount to borrow                                  2,500                          

Ending/desired cash balance                10,000  

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answer casual models;