Azure Company provides the following information Beginning c

Azure Company provides the following information: Beginning cash balance $ 2,800 Cash receipts 56,000 Cash payments 41,000 Minimum cash balance 2,000 Loan repayments 10,000 Calculate the cash surplus (deficiency) for the period. a. $15,800 b. $17,800 c. ($17,800) d. ($15,800)

Solution

Beginning cash balance 2800 Add:cash receipts 56000 Less:cash payments (41000) Less:minimum cash balance ($2000) Cash surplus $15800.(A).