In 2024, Westfield Enterprises had cash receipts of $92,000 and cash disbursements of $67,000. Westfield's cash balance at December 31, 2024 was $63,000. What was Westfield's January 1, 2024 cash balance?

In 2024, Westfield Enterprises had cash receipts of $92,000 and cash disbursements of $67,000. Westfield's cash balance at December 31, 2024 was $63,000. What was Westfield's January 1, 2024 cash balance?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 6MC: Selected information from Brook Corporations accounting records and financial statements for 2019...

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Need help with this question solution general accounting

In 2024, Westfield Enterprises had cash receipts of $92,000 and
cash disbursements of $67,000. Westfield's cash balance at
December 31, 2024 was $63,000. What was Westfield's January 1,
2024 cash balance?

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