Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $17,000. Budgeted cash receipts total $176,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $47,000. The excess (deficiency) of cash available over disbursements for June will be:

	$16,000
	$1,000
→	$18,000

Cash Budget

Cash balance, beginning	$  17,000
Add cash receipts	176,000
Total cash available	193,000
Less cash disbursements	175,000
Excess (deficiency) of cash available over disbursements	18,000
Financing ($47,000 − $18,000)	29,000
Cash balance, ending	$  47,000