Question

The beginning cash balance was $3000. At the end of the period, the balance was $4000. If total cash paid out during the period was $27,000 the amount of cash receipts was ____

Answer 1

$28,000

Step-by-step explanation:

Cash balance at the end of the period = beginning cash + cash receipts - cash outflow

$4000 = $3000 + cash receipts - $27,000

Cash receipts = $28,000

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