What would the ending cash balance on january
Wagner Inc. had a beginning cash balance of $14,000 on January 1, 2011. During January, the company recorded debits of $23,000 and credits of $25,000 to the cash account. What would the ending cash balance on January 31 be?
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Wagner Inc. had a beginning cash balance of $14,000 on January 1, 2011. During January, the company recorded debits of $23,000 and credits of $25,000 to the cash account.
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The company also collected accounts receivable of $53,400 and incurred expenses of $137,000, 80 percent of which were paid during the year.
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