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Pharoah Company provided the following information for the month of August: Beginning cash balance Cash receipts Cash disburs
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Answer #1

Beginning Cash Balance

$                                    7,300

Add: Cash Receipts

548,900

Less: Cash Disbursements

(523,100)

Cash Available in Hand

$                                  33,100

Add: Cash Borrowed

13,000

Less: Cash Repaid

(17,000)

Ending Cash Balance (as on August 31)

$                                  29,100

The Correct Option is the First Option = $29,100

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