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24 December, 03:38

During october, alameda company had $102,500 of cash receipts and $103,150 of cash disbursements. the october 31 cash balance was $18,600. determine how much cash the company had at the close of business on september 30.

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  1. 24 December, 04:02
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    The Alameda co had income of $102,500 in October and disbursements of $103,500 also during October. The difference is 103,500-102500 = - $650. So if at Oct. 31 the cash balance was $18,600, at Sept. 30th the cash balance would have to be $18,600+$650=$19,250.
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Home » Business » During october, alameda company had $102,500 of cash receipts and $103,150 of cash disbursements. the october 31 cash balance was $18,600. determine how much cash the company had at the close of business on september 30.
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