Question

Valley Farm Supply started the period with $80,000 cash. Cash receipts for January expected to total $350,000. Cash disbursements for January were expected to be $290,000. What is the expected cash balance at the end of January

Answer 1

Answer:

Expected cash balance 140,000

Explanation:

$Beginning Cash + cash receipts - cash disbursements Equals Ending Cash$

80,000      beginning cash

350,000 cash receipts

(290,000) cash disbursements

140,000 ending cash