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3 years ago

Analysis reveals that a company had a net increase in cash of

Business

1 answer:

yawa3891 [41]3 years ago

7 0

Answer:

The multiple choices are as follows:

$4,720.

$17,260.

$48,680.

$43,960.

$42,960.

The beginning cash balance was $4,720

Explanation:

The formula for closing cash balance can be used to determine the opening cash balance as shown thus:

closing cash balance=net increase in cash+opening balance of cash

by arranging the equation

opening cash balance =closing cash balance-net increase in cash

closing cash balance is $26,700

net increase in cash is $21,980

opening cash balance=$26,700-$21,980=$4,720

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