The Diamond Store began business on June 1.During the month of June,it had cash payments of $9,000.At the end of June,it had a $14,000 balance in Cash.Based on this information,the cash receipts for the month of June were:
A)$5,000.
B)$14,000.
C)$23,000.
D)$32,000.

Question

Quizplus · Accepted Answer

If the Diamond Store had cash payments of $9,000 and ended up with a balance of $14,000, then it must have received cash receipts of $23,000 ($9,000 in payments + $14,000 ending balance = $23,000 in receipts). Therefore, choice C is the correct answer.

The Diamond Store Began Business on June 1