Question
JKL Corporation prepares the following cash budget for the month of April: Item Amount ($) Beginning Cash Balance 10,000 Cash Receipts (Sales) 50,000 Cash Payments
JKL Corporation prepares the following cash budget for the month of April:
Item | Amount ($) |
Beginning Cash Balance | 10,000 |
Cash Receipts (Sales) | 50,000 |
Cash Payments (Expenses) | 30,000 |
Ending Cash Balance | ? |
Required:
- Calculate the ending cash balance for JKL Corporation.
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
