On April 1, 2024, Oceanview Corporation reported a cash balance of $72,000. During the month, the company collected $31,500 in cash from customers and made disbursements totaling $36,800. What is the cash balance on April 30, 2024? a) $66,700 b) $77,300 c) $40,500 d) $103,500

On April 1, 2024, Oceanview Corporation reported a cash balance of $72,000. During the month, the company collected $31,500 in cash from customers and made disbursements totaling $36,800. What is the cash balance on April 30, 2024? a) $66,700 b) $77,300 c) $40,500 d) $103,500

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

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 10RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...

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Question

Please provide problem with accounting question

On April 1, 2024, Oceanview Corporation reported a cash balance of $72,000.
During the month, the company collected $31,500 in cash from customers and
made disbursements totaling $36,800.
What is the cash balance on April 30, 2024?
a) $66,700
b) $77,300
c) $40,500
d) $103,500

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