Cash balance at the end of the month

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Reference no: EM132014275

On January 1 Joe’s Hardware Store Ltd. had $1821 in cash, and had neither accounts receivable nor payable outstanding. During the month of January, the store had received orders from two contractors for building materials for $19609, each, which would be paid at the end of the month. During the month, the store had expenses of $17765 for salaries, $40,500 for inventory, and $2,200 of utilities. What would be Joe’s Hardware Store Ltd. cash balance at the end of the month?

Reference no: EM132014275

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