Andy Company had a Cash balance on May 1 of $27,000.At the end of May,the Cash balance had increased to $28,000.During the month of May,Andy received cash of $46,000 from various sources.Based on this information,cash payments for the month of May were:

Question

Quizplus · Accepted Answer

The cash payments can be calculated by taking the beginning cash balance, adding cash received, and subtracting the ending cash balance: $27,000 + $46,000 - $28,000 = $45,000.

Andy Company Had a Cash Balance on May 1 of $27,000.At