Question

Case (A) Case (B) Case (C) Beginning Balance (BB) ? $ 34,000 $ 18,900 Ending Balance...

Case (A) Case (B) Case (C) Beginning Balance (BB) ? $ 34,000 $ 18,900 Ending Balance (EB) $ 78,000 30,200 19,300 Transferred In (TI) 160,600 108,700 ? Transferred Out (TO) 175,600 ? 32,100 For Case (A) above, what is the Beginning Balance (BB)?

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Answer #1

Solution:

Case (A)
Particulars Amount ($)
Ending Balance 78000
Transferred In -160600
Transferred Out 175600
Beginning Balance 93000

Explanation:

Given,

Ending Balance = $78, 000

Transferred In = $160,600

Transferred Out = $175,600

Beginning Balance + Transferred In - Transferred Out = Ending Balance

Therefore, Beginning Balance = Ending Balance - Transferred In + Transferred Out

Therefore, Beginning Balance = $78,000 - $160,600 + $175,600

Therefore Beginning Balance = $93,000

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