Carlisle Transport had $4,982 cash at the beginning of the period

Finance Dec 21, 2020

Carlisle Transport had $4,982 cash at the beginning of the period. During the period, the firm collected $1,725 in receivables, paid $1,832 to supplier, had credit sales of $6,509, and incurred cash expenses of $500. What was the cash balance at the end of the period?

Expert Solution

Beginning Cash Balance	4982
Add : Collection from Receivable	1725
Less: Payment to suppliers	(1832)
Less : Cash expense	(500)
Ending cash balance	4375

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