Valley Farm Supply started the period with $80,000 cash.Cash receipts for January were 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

The expected cash balance at the end of January can be calculated as follows: 
Beginning cash balance = $80,000 
Cash receipts = $350,000 
Cash disbursements = ($290,000) 
Expected ending cash balance = $80,000 + $350,000 - $290,000 = $140,000. Therefore, the answer is D.

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