Friday, 20 November 2020

Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021:

 Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021:

 

 

What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?

Multiple Choice

$11,430.


$7,930.


$22,830.


$13,530.

Answer

$11,430.

Explanation
$630 + $3,400 + $1,800 + $5,600 = $11,430

Thanks

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