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borteleto borteleto
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Posts: 2477
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5 years ago
Given the information below, calculate the company's cash balance at the end of the year.

Cash Balance at Beginning of Year$80,000

Activity During the Year
Increase in Accounts Payable$60,000
Decrease in Accounts Receivable$40,000
Depreciation Expense$500,000
Net Income$2,000,000
Purchase of Fixed Assets$800,000
Sales of Common Stock$100,000
Decrease in Notes Payable$85,000
Dividends Paid$15,000
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Marc18Marc18
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5 years ago
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borteleto Author
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5 years ago
Thanks
deathwing
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Yesterday
Helped a lot
jmelchor77
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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