Calculate the missing cash at bank account balance from these statement of financial position items.Equity $5,700; accounts receivable $890; accounts payable $450; inventory $360; loan to a business $1,400.

Question

Quizplus · Accepted Answer

Cash at bank account balance = Equity + Accounts receivable - Accounts payable - Inventory - Loan to a business
= $5,700 + $890 - $450 - $360 - $1,400
= $4,900

Calculate the Missing Cash at Bank Account Balance from These