During November, Orion Systems had $89,300 of cash receipts and $92,750 of cash disbursements. The November 30 cash balance was $18,550. Determine how much cash the company had at the close of business on October 31.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 7EA: Forest Company had the following transactions during the month of December. What is the December 31...
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During November, Orion Systems had $89,300
of cash receipts and $92,750 of cash
disbursements. The November 30 cash balance
was $18,550.
Determine how much cash the company had at
the close of business on October 31.
Transcribed Image Text:During November, Orion Systems had $89,300 of cash receipts and $92,750 of cash disbursements. The November 30 cash balance was $18,550. Determine how much cash the company had at the close of business on October 31.
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