Question

If the beginning Cash account balance of Moonbeam, Inc. was $40,000, the ending balance was $67,200, and the total cash paid out during the period was $128,000, what amount of cash was received during the period

Answer 1

To calculate the amount of cash received during the period, subtract the total cash paid out from the ending balance.

Step-by-step explanation:

To calculate the amount of cash received during the period, we need to subtract the total cash paid out from the ending balance. The formula is:

Cash received = Ending balance - Total cash paid out

Using the values provided in the question:

Cash received = $67,200 - $128,000

Cash received = -$60,800

Therefore, the amount of cash received during the period is $60,800.

Answer 2

Cash Received during the period = $155200

Step-by-step explanation:

The amount of receipts or cash received during the period can be calculated using the following formula.

Cash Received = Closing Balance + Cash Disbursements - Opening Balance

Cash Received = 67200 + 128000 - 40000

Cash Received = $155200

So, the cash receipts during the period are $155200.