Forest Company had the following transactions during month of December. What is the December 31 cash balance? Cash sales $3,400 Payments for inventory 1,660 Investments by owners 3,200 Supplies used 165 Cash withdrawals 270 Inventory received 2,900 Wages paid 2,350 Cash balance Dec. 1 4,550 December 31 cash balance $

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Forest Company had the following transactions during the month of December. What is the December 31 cash balance?

- Cash sales: $3,400
- Payments for inventory: $1,660
- Investments by owners: $3,200
- Supplies used: $165
- Cash withdrawals: $270
- Inventory received: $2,900
- Wages paid: $2,350
- Cash balance Dec. 1: $4,550

December 31 cash balance: $______
Transcribed Image Text:Forest Company had the following transactions during the month of December. What is the December 31 cash balance? - Cash sales: $3,400 - Payments for inventory: $1,660 - Investments by owners: $3,200 - Supplies used: $165 - Cash withdrawals: $270 - Inventory received: $2,900 - Wages paid: $2,350 - Cash balance Dec. 1: $4,550 December 31 cash balance: $______
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