Question 28

The ending cash balance for this company is $17,700.

To determine the ending cash balance for the company, we need to consider all cash inflows and outflows that were listed in the cash events.

A) $20,000

This option is incorrect because it suggests a cash balance that is higher than what the events would logically support. The calculations from the provided cash events do not accumulate to this amount, indicating that this figure does not reflect the actual ending balance.

B) $18,700

While this option is close to the correct answer, it is still not accurate. The cash events indicate that the total cash inflows and outflows lead to a final balance lower than $18,700, making this option incorrect.

C) $17,700

This is the correct answer as it accurately reflects the ending cash balance after all cash inflows and outflows have been accounted for based on the listed events. The calculations confirm that $17,700 is the true remaining cash balance.

D) $16,500

This option is also incorrect as it suggests a cash balance that is too low compared to the analysis of the cash events. The calculations show that the ending balance is significantly higher than $16,500.

Conclusion

Option C is definitively correct because it accurately represents the ending cash balance after considering all cash events. Options A, B, and D fail to align with the calculations derived from the cash events, confirming that they do not reflect the true financial position of the company.