Question

Beginning Balance (BB) ? $ 8,630 $ 71,600 Ending Balance (EB) 34,360 ? 75,100 Transferred In...

Beginning Balance (BB) ? $ 8,630 $ 71,600
Ending Balance (EB) 34,360 ? 75,100
Transferred In (TI) 194,600 42,600 ?
Transferred Out (TO) 192,800 46,500 181,900


For Case (B) above, what is the Ending Balance (EB)?

Multiple Choice

  • $46,500.

  • $12,530.

  • $4,730.

  • $8,630.

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Answer #1

Transferred out=Beginning balance+Transferred-In-Ending balance

46500=8630+42600-Ending balance

Ending balance=8630+42600-46500

=$4730

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