Find the Amount of the Balance Forward That Would Result

question 47

Multiple Choice

Find the amount of the balance forward that would result following these transactions: Starting balance: $2,959.55
March 9; check #701; to Liu Printing; amount of $188.30
Deposit: March 19; amount of $850.51
March 20; check #702; to Dreamscape Gardens; amount of $315.89

• A) $3,305.87
• B) $3,621.76
• C) $2,771.25
• D) $2,959.55

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Definitions:

Net Cash Flow

The difference between a company's cash inflows and outflows within a specific period, indicating its financial health.

Operating Activities

Financial transactions and events that affect the net income of a business.

Accounts Payable

The amount of money a company owes to its suppliers or creditors for goods and services received but not yet paid for, typically due within a year.

Net Income

The total profit or loss of a company after all revenues, costs, and expenses have been accounted for, over a specific period.