Question

In 2017 grider corporation had cash receipts of $35,000 and cash disbursements of $20,000. grider's ending cash balance at december 31, 2017 was $65,000. what was grider's beginning cash balance?

Answer 1

To find the beginning balance, the equation would be "x + 35,000 - 20,000 = 65,000". In other words, the company began with "x" dollars, added 15,000, and ended with 65,000. "x + 15000 = 65000" gives a beginning cash balance of 50,000 dollars.