Question
After examining the records of Theta Company for the month of October, the following information is obtained: Beginning cash balance $2,800 Cash receipts 56,000 Cash
After examining the records of Theta Company for the month of October, the following information is obtained: Beginning cash balance $2,800 Cash receipts 56,000 Cash payments 41,000 Minimum cash balance 2,000 Loan repayments 10,000 Based on the given information, calculate Theta's cash surplus (deficiency) for the month of October.
a. $15,800
b. $(13,800)
c. $(14,800)
d. $17,800
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt
5th Edition
0759340412, 978-0759340411
