During october, alameda company had $102,500 of cash receipts and $103,150 of cash disbursements. the october 31 cash balance wa

Question

mihalych1998 [28]

3 years ago

11

During october, alameda company had $102,500 of cash receipts and $103,150 of cash disbursements. the october 31 cash balance wa

s $18,600. determine how much cash the company had at the close of business on september 30.

Business

1 answer:

Mkey [24] · Answer 1 · 2022-05-19T11:24:51+03:00

Mkey [24]3 years ago

8 0

The Alameda co had income of $102,500 in October and disbursements of $103,500 also during October. The difference is 103,500-102500= -$650. So if at Oct. 31 the cash balance was $18,600, at Sept. 30th the cash balance would have to be $18,600+$650=$19,250.