Calculate cash balance at the end of the year Cash Balance at Beginning of Year_

Question

Calculate cash balance at the end of the year Cash Balance at Beginning of Year___________ $80,000 Activity During the Year_________________________________ Increase in accounts payable_____________________ 60,000 Decrease in accounts receivable_________________ 40,000 Depreciation Expense________________________ 500,000 Net Income___________________________ 2,000,000 Purchase of fixed assets____________________ 800,000 sales of common stock____________________________ 100,000 decrease in notes payable___________________________ 85,000 dividends paid___________________________ 15,000

Explanation / Answer

80000-60000-40000+500000+2000000-800000+100000+85000-15000= $1850000 please see the question for the names, for eg: Cash Balance at Beginning of Year___________ $80,000 i have just written 80000

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