During the Month of February, Hoffer Company Had Cash Receipts

question 143

Multiple Choice

During the month of February, Hoffer Company had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the January 31 beginning cash balance?

• A) $700.
• B) $1,100.
• C) $2,900.
• D) $0.
• E) $4,300.

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