Question

During the month of February, Victor Services had cash receipts of $7,700 and cash disbursements of $9,000. The February 28 c
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Answer #1
  • Requirement:
    Equation used to solve--
    Beginning Cash balance + Cash receipts – Cash disbursements = Ending Cash balance.
    Hence,
    Beginning cash balance = Ending Cash balance – Cash receipts + Cash disbursements
    = $ 2200 – 7700 + 9000
    = $ 3,500 Answer
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