33. Partial financial information for a company is as follows: Beginning cash balance $1,200, Received cash...
33. Partial financial information for a company is as follows:
Beginning cash balance $1,200,
Received cash from sales of goods $15,000,
Paid wages and salaries $4,500,
Received cash from non-trading securities $5,000,
Paid cash for plant assets $6,000, Received cash from loans $8,000,
Paid cash in repayment of loans $2,000.
What is the ending cash balance for the company? $20,000, $18,7000, $16,700, $15,500.
Homework Answers
| Particulars | Amount ( $ ) |
| Begining cash | 1200 |
| Sale of goods | 15000 |
| Non trading security | 5000 |
| Loan taken | 8000 |
| Wages and salaries | -4500 |
| Plant asset | -6000 |
| Loan repayment | -2000 |
| Ending cash | 16700 |
Answer : $ 16700.
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