General accounting question At March 1, 2023, Coastal Company reported a cash balance of $78,000. During the month,Coastal collected cash of $42,000 and made disbursements of $51,000. At March 31, 2023,what is the cash balance?A. $51,000 creditB. $69,000 debitC. $69,000 creditD. $51,000 debit

To calculate the cash balance at March 31, 2023, we use the formula:Ending Cash Balance = Beginning…

Answered: At March 1, 2023, Coastal Company…

Cornerstones of Financial Accounting

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Chapter11: The Statement Of Cash Flows

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

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A company reported the following information: Accounts receivable, December 31, 2023: $122,000 Accounts receivable, December 31, 2022: $113,000 Sales (all on credit) for 2023: $850,000 Accounts receivable, December 31, 2023 $122,000 Accounts receivable, December 31, 2022 113,000 Sales (all on credit) for 2023 850,000 How much cash was collected from customers during 2023?
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What is the accounts receivable balance?

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At March 1, 2023, Coastal Company reported a cash balance of $78,000. During the month, Coastal collected cash of $42,000 and made disbursements of $51,000. At March 31, 2023, what is the cash balance? A. $51,000 credit B. $69,000 debit C. $69,000 credit D. $51,000 debit