00:08:05 During October, a company had $205,000 of cash receipts and $206,300 of cash disbursements (payments). If the October 31 Cash balance was $37,200 then the company had a cash balance of $38,500 at the close of business on September 30. True or False True False

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.17E
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00:08:05
During October, a company had $205,000 of cash receipts and $206,300 of cash disbursements (payments). If the October 31 Cash balance was $37,200
then the company had a cash balance of $38,500 at the close of business on September 30.
True or False
True
False
Transcribed Image Text:00:08:05 During October, a company had $205,000 of cash receipts and $206,300 of cash disbursements (payments). If the October 31 Cash balance was $37,200 then the company had a cash balance of $38,500 at the close of business on September 30. True or False True False
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