The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising...

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The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The com What is the balance in the Cash account at December 31, 2019? Multiple Choice $45,030 $49,913 $11,960 $51,260

business accounting

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Answer 1

Answer #1

Calculate ending Cash

Beginning Cash	45030
Cash received	11400
received deposit	3200
Cash payment	-5170
Expense paid	-42500
Ending cash	11960

So answer is c) $11960

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Answer 2

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