Tammijones
Sep 24, 2008, 12:10 PM
The Best Candy Company issued stock for $30,000 cash on Jan. 20,2004. During 2004 the company recorded revenue on account of $12,000 and expenses on account of $5,500. Candy Company reveived $8,200 cash from accounts receivable and paid $4,100 on the accounts payable. The company also purchased land for $5,000 cash. The beginning cash balance was zero. Based on this information, the amount of change in cash is:??
I just need a formula to follow but the options are:
a. $29,100
b. 31,500
c. 22,974
d. 35,600
I just need a formula to follow but the options are:
a. $29,100
b. 31,500
c. 22,974
d. 35,600