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Cash paid to purchase factory equipment Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to
Cash paid to purchase factory equipment Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to merchandise suppliers Amounts $ 39,500 44,500 (49,500) (11,900) Cash received from the sale of an unused warehouse 12,900 Cash paid to workers (23,900) Cash paid for advertisement (3,900) Cash received for sale of services to customers 29,500 Cash paid for dividends to stockholders (5,900) Assume the balance of cash at the beginning of the period is $4,900. Required: 1. Calculate the ending balance of cash. Ending balance
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