The beginning balance in Cash was $4,000.Additional cash of $2,000 was received.Checks were written totaling $2,500.The ending balance in cash is:

Name: The beginning balance in Cash was $4,000.Additional cash of $2,000 was received.Checks were written totaling $2,500.The ending balance in cash is:
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

The ending balance in cash is calculated by adding the additional cash received to the beginning balance and then subtracting the checks written: $4,000 + $2,000 - $2,500 = $3,500.

The Beginning Balance in Cash Was $4,000