Question

while examining cash receipts information the accounting department determined : opening cash balance $154, cash on hand $1,063.25, and cash sales per register tape $924.23.

Answer 1

The closing cash balance would be $2,141.48.

Step-by-step explanation:

The question pertains to accounting and cash receipts information. The student is given the opening cash balance, cash on hand, and cash sales per register tape. To determine the closing cash balance, we need to add the opening cash balance, cash on hand, and cash sales per register tape. So, the closing cash balance would be $154 + $1,063.25 + $924.23 = $2,141.48.