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

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TomShelby

Answer:

Expected cash balance 140,000

Explanation:

[tex]$Beginning Cash $$+ cash receipts$$- cash disbursements$$Equals Ending Cash [/tex]

80,000      beginning cash

350,000 cash receipts

(290,000) cash disbursements

140,000 ending cash

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