Answer:
April Beginning Balance $ 1,633,427
Step-by-step explanation:
The closing balance of January is the opening balance of February
February,
Opening Balance $1,234,567
Add Payment received on invoices $825k
Less Cost of sales $198k,
Less Overheads $356k ,
Less Other Expenses $92k .
February Ending Balance $ 1,413, 567
March
Beginning Balance $ 1,413, 567
Add Payment received on invoices $825k *1.12= 924 k
Less Cost of sales $198k *1.09= 215.82k
Less Overheads $356k *1.09= 388.04k
Less Other Expenses $92k *1.09= 100.28k
March Ending Balance = $ 1,633,427
April Beginning Balance $ 1,633,427
Treating the Costs of Sales, Overheads and the other expenses as the expenses paid out of the Bank Balance meaning no accounts payable or other cash paid.
