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-   -   Cash receipts (https://www.askmehelpdesk.com/showthread.php?t=635006)

  • Feb 10, 2012, 09:10 PM
    terribletb
    Cash receipts
    Determine the cash recepits for March based on the following information:
    Cash payments $45500
    April 1 cash balance $6750
    April 30 cash balance $10000
  • Feb 11, 2012, 12:14 PM
    pready
    Since the formula for determining your cash balance is:
    Beginning Cash + Cash Receipts - Cash Payments = Ending Cash Balance

    you just need to rearrange your formula so you can solve for your missing amount:

    Ending Cash Balance - Beginning Cash Balance + Cash Payments = Cash Receipts

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