On April 1, 2021, the cash balance was$13,000. During April, the companycollected $4,000 and madedisbursements totaling $16,00O. Whatis the cash balance at the end of April?O $1,000 debit balanceO $15,000 debit balanceO $14,000 debit balanceO None of the above

The cash account is a debit balance account, and it is an current asset for the company. The cash…

Answered: On April 1, 2021, the cash balance was…

On April 1, 2021, the cash balance was $13,000. During April, the company collected $4,000 and made disbursements totaling $16,000. What is the cash balance at the end of April?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12A: The Statement Of Cash Flows

Section: Chapter Questions

Problem 4P

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Question

On April 1, 2021, the cash balance was
$13,000. During April, the company
collected $4,000 and made
disbursements totaling $16,00O. What
is the cash balance at the end of April?
O $1,000 debit balance
O $15,000 debit balance
O $14,000 debit balance
O None of the above

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