During the month of February, Hoffer Company had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the January 31 cash balance? ()
A: $700.
B: $1,100.
C: $2,900.
D: $0.
A: $700.
B: $1,100.
C: $2,900.
D: $0.
举一反三
- The Singletary Corporation had a beginning cash balance of $7,050 during the month of March. This company is expected to collect $4,500 from its outstanding accounts receivable. The projected cash sales for March are $9,000. The outstanding accounts payable balance is $10,000, of which 30% is to be paid during March. Operating expenses that are to be paid during March are projected to be $12,000. If preparing a cash budget for the month of March, what is the ending cash balance?
- The<br/>beginning Cash account balance is $44,200. During the period, cash<br/>receipts are $98,100. If ending Cash is $32,800, then cash payments<br/>must have been( ). A: $21,100 B: $86,700 C: $109,500 D: $175,100
- If cash availableplus net cash receipts minus disbursements is negative, then borrowing isnecessary.
- The beginningavailable cash balance equals the beginning cash balance + the minimum cashbalance desired.
- January 26. Wizsolution received $1,800 cash as partial payment from the client described in transaction of January 20.The correct journal entry is: A: Dr. Cash 1,800 Cr. Sales 1,800 B: Dr. Cash 1,800 Cr. Fees earned 1,800 C: Dr. Cash 1,800 Cr. Accounts receivable 1,800