A company’s beginning Cash balance was $8,000. At the end of the period, the balancewas $6,000. If total cash paid out during the period was $28,000, the amount of cashreceipts wasa. $34,000.b. $30,000.c. $26,000.d. $36,000.

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A: Hi student Since there are multiple questions, we will answer only first question.

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is