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38 votes
38 votes
After examining the records of Theta Company for the month of October, the following information is obtained: Beginning cash balance $2,700 Cash receipts 56,000 Cash payments 36,000 Minimum cash balance 1,000 Loan repayments 10,000 Based on the given information, calculate Theta's cash surplus (deficiency) for the month of October.

User Martin Van Wingerden
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1 Answer

13 votes
13 votes

Answer:

the surplus of the cash is $21,000

Step-by-step explanation:

The computation of the cash surplus (deficiency) for the month of October is given below:

Cash surplus is

= opening balance + cash receipt - cash payment - minimum cash balance

= $2,700 + $56,000 - $36,000 - $1,000

= $21,000

hence, the surplus of the cash is $21,000

User Lesscomfortable
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