During October, Shandra Company had $97,500 of cash receipts and $101,250 of cash disburstments. The October 31 cash balance was $16,800. Determine how much cash the company had at the close of business on September 30.
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During October, Shandra Company had $97,500 of cash receipts and $101,250 of cash disburstments. The October 31 cash balance was $16,800. Determine how much cash the company had at the close of business on September 30.
Your ending balance plus your cash disbursement minus your cash receipts equals your beginning balance.
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