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During the month of February, Rubio Services had cash receipts of $7,900 and cash disbursements of $9,400. The February 28 cash balance was $2,600. What was the February 1 beginning cash balance?

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letmeanswer

Answer:

The begining cash balance = $4100

Explanation:

Given:

Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.

To find out the cash balance at the begining of the month, the following is to be used

Begining Cash balance = Ending cash balance + cash disbursements - cash receipts

Putting the given figures in this we get,

Begining Cash balance = $2600 + $9400 - $7900

                                      = $4100

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