Problem on cash disbursements


During the month of February, Hoffer Company had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash was $1,800. What was the January 31 beginning cash balance?

A. $700.

B. $1,100.

C. $2,900.

D. $0.

E. $4,300

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Accounting Basics: Problem on cash disbursements
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