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29 January, 07:32

During the month of February, Rubio Services had cash receipts of $7,900 and cash disbursements of $9,400. The February 28 cash balance was $2,600. What was the February 1 beginning cash balance?

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  1. 29 January, 08:20
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    The begining cash balance = $4100

    Explanation:

    Given:

    Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.

    To find out the cash balance at the begining of the month, the following is to be used

    Begining Cash balance = Ending cash balance + cash disbursements - cash receipts

    Putting the given figures in this we get,

    Begining Cash balance = $2600 + $9400 - $7900

    = $4100
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Home » Business » During the month of February, Rubio Services had cash receipts of $7,900 and cash disbursements of $9,400. The February 28 cash balance was $2,600. What was the February 1 beginning cash balance?
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