p2 16 The following information was taken from Bounders Company cash budget for the month of July:

p2 16 The following information was taken from Bounders Company cash budget for the month of July:

1. Beginning cash balance $25,000
2. Cash receipts 24,000
3. Cash disbursements 34,000

 If the company has a policy of maintaining an end of the month cash balance of $25,000, the amount the company would have to borrow is number 3?

1. $10,000.
2. $5,000.
3. $15,000.
4. $6,000.