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Calculate the ending cash balance of the current month for the following opening cash balance and current months cash flows. Beginning cash $25,000 Prior month
Calculate the ending cash balance of the current month for the following opening cash balance and current months cash flows.
Beginning cash | $25,000 | |
Prior month sales | 48,000 | |
Current month sales | 90,000 | |
Current purchases | 32,000 | |
Prior month purchases | 20,000 | |
Sale of old equipment | 69,000 | |
Dividend payment | 71,000 | |
Wages and others | 32,000 |
Ending cash balance | $ |
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