On January 1, Waterway Industries has a beginning cash balance of $156000. During the year, the company expects cash disbursements of $960000 and cash receipts of $790000. If Waterway requires an ending cash balance of $120000, Waterway Industries must borrow

$120000.

$134000.

$106000.

$326000.

Answer rating: 100% (QA)

Option B 134000 Ending Cash Balance Beginning Cash balance Ca... View the full answer