Hii expert please provide correct option general accounting question At April 1, 2025, Highland Company reported a cash balance of $72,500. During the month,Highland collected cash of $28,300 and made disbursements of $36,800. What is Highland's cashbalance at April 30, 2025?A. $64,000 debitB. $64,000 creditC. $81,000 debitD. $81,000 credit

Step 1: Define Cash Balance CalculationThe cash balance is calculated by starting with the beginning…

Answered: At April 1, 2025, Highland Company…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter8: Revenue Recognition, Receivables, And Advances From Customers

Section: Chapter Questions

Problem 42P

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At April 1, 2025, Highland Company reported a cash balance of $72,500. During the month, Highland collected cash of $28,300 and made disbursements of $36,800. What is Highland's cash balance at April 30, 2025? A. $64,000 debit B. $64,000 credit C. $81,000 debit D. $81,000 credit