At the beginning of the period, a business has a cash balance of ₱20,000. During the period, total cash collections and total cash payments amounted to ₱100,000 and ₱70,000, respectively. How much is the ending balance of cash? * d. 70,000 a. 10,000 b. 30,000 c. 50,000
At the beginning of the period, a business has a cash balance of ₱20,000. During the period, total cash collections and total cash payments amounted to ₱100,000 and ₱70,000, respectively. How much is the ending balance of cash? * d. 70,000 a. 10,000 b. 30,000 c. 50,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter23: Statement Of Cash Flows
Section: Chapter Questions
Problem 5CE
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At the beginning of the period, a business has a cash balance of ₱20,000. During the period, total cash collections and total cash payments amounted to ₱100,000 and ₱70,000, respectively. How much is the ending balance of cash? *
d. 70,000
a. 10,000
b. 30,000
c. 50,000
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