Valley Farm Supply started the period with $80,000 cash.Cash receipts for January expected to total $350,000.Cash disbursements for January were expected to be $290,000.What is the expected cash balance at the end of January?

Question

Quizplus · Accepted Answer

Ending cash balance = Beginning cash balance + Cash receipts - Cash payments
Ending cash balance = $80,000 + $350,000 - $290,000 = $140,000

Valley Farm Supply Started the Period with $80,000 Cash