Multiple Choice
In the month of August, a firm had total cash receipts of $10,000, total cash disbursements of $8,000, depreciation expense of $1,000, a minimum cash balance of $3,000, and a beginning cash balance of$500. The ending cash balance for August totals .
A) $5,500
B) $3,500
C) $2,500
D) $1,500
Correct Answer:
Verified
Correct Answer:
Verified
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