Question

A company has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers Çash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse $ 31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300) Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Assume the balance of cash at the beginning of the period is $3,300. Required: 1. Calculate the ending balance of cash. Ending balance

Answer 1

beginning cash balance	3,300
cash receipts:
from sales	31,500
for long term loan	36,500
sale of unused warehouse	11,300
sale of services	21,500
total	104,100
less:cash paid to purchase factory equipment	(41,500)
less: cash paid to merchandise suppliers	(10,300)
cash paid to workers	(22,300)
cash paid for advertisement	(2,300)
cash paid for dividends	(4,300)
ending balance of cash	23,400