A business starts the accounting period with 4,000 in local currency in cash. The following facts are known about the period: real estate depreciation of 1,000; combined debt service payment to bank of 3,500 (2,500 interest and 1,000 installment); receipt of 500 from accounts receiveable from the previous quarter; 5,500 in cash sales; 2,000 in credit sales. Calculate the amount of cash at the end of the quarter.

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The Answer of A business starts the accounting period with 4,000 in local currency in cash. The following facts are known about the period: real estate depreciation of 1,000; combined debt service payment to bank of 3,500 (2,500 interest and 1,000 installment); receipt of 500 from accounts receiveable from the previous quarter; 5,500 in cash sales; 2,000 in credit sales. Calculate the amount of cash at the end of the quarter.

A Business Starts the Accounting Period with 4,000 in Local