What is the cash balance.....? On March 1, 2024, Brightstone Enterprises reported a cashbalance of $55,000. During the month, the company collected$18,000 in cash from customers and made disbursements totaling$28,000.What is the cash balance on March 31, 2024?a) $45,000b) $38,000c) $60,000d) $50,000

Step 1: Definition of Cash Balance CalculationThe cash balance represents the amount of cash a…

Answered: On March 1, 2024, Brightstone…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter8: Revenue Recognition, Receivables, And Advances From Customers

Section: Chapter Questions

Problem 42P

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On March 1, 2024, Brightstone Enterprises reported a cash balance of $55,000. During the month, the company collected $18,000 in cash from customers and made disbursements totaling $28,000. What is the cash balance on March 31, 2024? a) $45,000 b) $38,000 c) $60,000 d) $50,000