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Olea Company is preparing the cash budget for June. - The company's desired minimum cash...

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Accounting

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Olea Company is preparing the cash budget for June. - The company's desired minimum cash balance is $20,000. - On May 31st, the cash balance is $50,000. - The expected cash receipt in June is $200,000 and the expected cash disbursement is $300,000. - To maintain the minimum cash balance, Olea Company will need to borrow money from the bank. How much will they need to borrow? $50,000$100,000$80,000$70,000$120,000$30,000

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