In the month of August, a firm had total cash receipts of $10,000, total cash disbursements of $8,000, depreciation expense of $1,000, a minimum cash balance of $3,000, and a beginning cash balance of$500. The ending cash balance for August totals .
A) $5,500
B) $3,500
C) $2,500
D) $1,500

Question

Quizplus · Accepted Answer

The Answer of In the month of August, a firm had total cash receipts of $10,000, total cash disbursements of $8,000, depreciation expense of $1,000, a minimum cash balance of $3,000, and a beginning cash balance of$500. The ending cash balance for August totals .
A) $5,500
B) $3,500
C) $2,500
D) $1,500

In the Month of August, a Firm Had Total Cash