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The following information comes from the financial records of Slaterville Company: Cash balance, beginning $1,500 Cash paid for dividends $780 Cash paid for income taxes
The following information comes from the financial records of Slaterville Company: Cash balance, beginning $1,500 Cash paid for dividends $780 Cash paid for income taxes $1,320 Cash paid to purchase machinery $1,950 Cash paid to purchase inventory $10,800 Cash paid to repay a loan $1,000 Cash collected from customers $9,000 Cash received from issuance of new shares of common stock $1,200 Cash received from sale of a building $5,600 Cash paid for interest $450 Using the information, compute the ENDING cash balance for the year. $570 $420 $2,000 $1,000 $800
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