At January 1, 2021, Horizon Technologies reported a cash balance of $60,000. During the month, Horizon collected cash of $20,000 and made disbursements of $45,000. At January 31, 2021, what is the cash balance?

At January 1, 2021, Horizon Technologies reported a cash balance of $60,000. During the month, Horizon collected cash of $20,000 and made disbursements of $45,000. At January 31, 2021, what is the cash balance?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 23CE: Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019,...

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Given solution for General accounting question not use ai

At January 1, 2021, Horizon Technologies reported a cash
balance of $60,000. During the month, Horizon collected
cash of $20,000 and made disbursements of $45,000. At
January 31, 2021, what is the cash balance?

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