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In the month of October, a firm had total cash receipts of P50,000, total cash disbursements of P40,000, depreciation expense of P5,000, a minimum cash balance of P15,000, and a beginning cash balance of P2,500. The ending cash balance for October before acquiring financing amounted to: a. P27,500 c. P17,500 b. P7,500 d. P12,500

In the month of October, a firm had total cash receipts of P50,000, total cash disbursements of P40,000, depreciation expense of P5,000, a minimum cash balance of P15,000, and a beginning cash balance of P2,500. The ending cash balance for October before acquiring financing amounted to: a. P27,500 c. P17,500 b. P7,500 d. P12,500

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.2E
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In the month of October, a firm had total cash receipts of P50,000, total cash disbursements of P40,000, depreciation expense of P5,000, a minimum cash balance of P15,000, and a beginning cash balance of P2,500. The ending cash balance for October before
acquiring financing amounted to:
a. P27,500 c. P17,500
b. P7,500 d. P12,500

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