Question

A projected cash flow tells you whether your business is making

a profit.
True
False

Answer 1

Ramona Castro opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, and Owner’s Capital $13,700. During September, the following transactions occurred.

Paid $2,900 cash on accounts payable.