At September 1 2022 Kern Enterprises reported a cash balance of $140000.During the month Kern collected cash of $60000 and made disbursements of $100000.At September 30 2022 the cash balance is

Question

Quizplus · Accepted Answer

Starting cash balance = $140000
Cash collected during the month = $60000
Total cash available = $200000
Cash disbursed during the month = $100000
Ending cash balance = Total cash available - Cash disbursed during the month
Ending cash balance = $200000 - $100000
Ending cash balance = $100000
Therefore, the correct answer is D) $100000.

At September 1 2022 Kern Enterprises Reported a Cash Balance