Options for the first one that is wrong

Options for the second one that is wrong

The following information is available for Sheridan Company for the month of January: expected cash receipts $59,020; expected cash disbursements $66,600; and cash balance on January 1, $11,980. Management wishes to maintain a minimum cash balance of $8,490. Prepare a basic cash budget for the month of January. SHERIDAN COMPANY Cash Budget For the Month of January Beginning cash balance $ 11980 Add : Cash receipts 59020 Beginning cash balance 71000 Less A : Cash disbursements -66600 i Excess of available cash over cash disbursements 4400 Add : Total available cash 4090 Ending cash balance $ $ 8490 Beginning cash balance Cash receipts Excess of available cash over cash disbursements Total available cash Ending cash balance Cash disbursements Borrowings Beginnin 71000 Less -66600 i Excess o 4400 Add Cash receipts Borrowings Beginning cash balance Total available cash Cash disbursements Ending cash balance Excess of available cash over cash disbursements 4090 Ending 8490