As of the beginning of the quarter, Trellis Florists has a cash balance of $420. During the quarter, suppliers are paid $840, receivables of $1,010 are collected, taxes of $260 are paid, and $55 is borrowed. What is Trellis' cash balance at the end of the quarter?

Question

Quizplus · Accepted Answer

The cash balance at the end of the quarter is calculated as: Initial cash balance ($420) + Receivables collected ($1,010) - Suppliers paid ($840) - Taxes paid ($260) + Borrowed amount ($55) = $385.

As of the Beginning of the Quarter, Trellis Florists Has