In 2017 Grider Corporation had cash receipts of $56,000 and cash disbursements of $32,000. Grider's ending cash balance at December 31, 2017 was $78,000. What was Grider's beginning cash balance?

Question

Quizplus · Accepted Answer

To find the beginning cash balance, subtract the cash disbursements from the cash receipts and add the ending cash balance: $78,000 - ($56,000 - $32,000) = $54,000.

In 2017 Grider Corporation Had Cash Receipts of $56,000 and Cash