Final answer:
The cash balance at the end of June for XYZ Inc. is calculated by starting with the opening balance of $50,400, adding deposits of $19,200, and subtracting disbursements of $57,600, resulting in a closing balance of $12,000.
Step-by-step explanation:
To calculate the cash balance at the end of June for XYZ Inc., we start with the opening cash balance and then adjust for the transactions during the month. Starting with a cash balance on June 1, 2017, of $50,400, XYZ Inc. deposited an additional $19,200 and made disbursements totaling $57,600.
The closing cash balance can be calculated as follows:
- Opening cash balance: $50,400
- Add: Deposits: $19,200
- Less: Disbursements: $57,600
- Closing cash balance: ($50,400 + $19,200 - $57,600) = $12,000
To calculate the cash balance at the end of June, we need to consider the initial cash balance, deposits, and disbursements.
Given:
June 1, 2017: Cash balance = $50,400
Deposits during June = $19,200
Disbursements during June = $57,600
To find the cash balance at the end of June, we need to add the deposits and subtract the disbursements from the initial cash balance.
Calculation:
Initial cash balance + Deposits - Disbursements = Cash balance at the end of June
$50,400 + $19,200 - $57,600 = $12,000
Therefore, the cash balance at the end of June is $12,000.