Multiple Choice
In 2022, Grider Corporation had cash receipts of $35,000, including additional owner investments of $10,000, and cash disbursements of $20,000.Grider purchased equipment of $12,000 on account.Grider's cash balance at December 31, 2022 was $65,000.What was Grider's January 1, 2022 cash balance?
A) $50,000
B) $60,000
C) $85,000
D) $80,000
Correct Answer:
Verified
Correct Answer:
Verified
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