Homework Answers
1.
Beginning cash balance + Cash receipts = Cash payments + Ending cash balance
9,087 + 5,735 + 1,022 = 3,422 + X + 8,429
15,844 = 11,851 + X
X = $3,993
2.
A/R beginning balance = ?
A/R ending balance = $12,035
Service revenue = $3,040
Cash received from customers = $6,721
A/R beginning balance + Service revenue = Cash received from customers + A/R ending balance
A/R beginning balance + 3,040 = 6,721 + 12,035
A/R beginning balance = $15,716
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