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27 September, 13:44

During the month of february, victor services had cash receipts of $7,500 and cash disbursements of $8,600. the february 28 cash balance was $1,800. what was the february 1 beginning cash balance

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  1. 27 September, 15:31
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    So you would simply need to set up a formula and solve

    X = beginning cash

    X + income - expenses = cash balance

    income = cash receipts (7,500)

    expenses = cash disbursements (8,600)

    Cash Balance = 1,800

    Plug into the equation

    X + 7,500 - 8,600 = 1,800

    Then you would solve for X
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