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The controller of Arrowroot Company wishes to improve the company's control system by preparing a...

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Accounting

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The controller of Arrowroot Company wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021: June 30, 2021, cash balance $114,000 Dividends were declared on June 15* 36,000 Cash expenditures to be paid in July for operating expenses 79,600 Depreciation expense 11,400 Cash collections to be received 190,000 Merchandise purchases to be paid in cash 118,400 Equipment to be purchased for cash 44.600 Arrowroot Company wishes to maintain a minimum cash balance of 54,000 N *Dividends are payable to shareholders of record on declaration date, 30 days after declaration. What are the total cash disbursements for July? A. $314,600. B. $306,000 OC. $79,600 OD. $278,600 OE. $234,000

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