During the month of February, Victor Services had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the February 1 beginning cash balance? A. $700. B. $1,100. C. $2,900. D. $0. Which financial statement reports an organization's financial position at a signal point in time? A. Income statement. B. Balance sheet C. Statement of retained earnings. D. Trial balance