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value: 200 points Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $55,000 Budgeted cash recelpts total $139,000 and budgeted cash disbursements total $134,000. The desired ending cash balance is $80,000. To attain its desired ending cash balance for May, the company needs to borrow O $140,000 0 so O $80,000 O $20,000

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Budgeted Cash Borrowings for May May Desired closing cash balance Add: Budgeted cash disbursements Less: Beginning balance Le

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