![To find the Beginning Balance (BB) for Case (A), we start by using the accounting equation for balance calculation:
\[ \text{Ending Balance} = \text{Beginning Balance} + \text{Transferred In} - \text{Transferred Out} \]
Given:
- Ending Balance = $74,000
- Transferred In = $156,600
- Transferred Out = $171,600
We plug in the values:
\[ 74,000 = \text{BB} + 156,600 - 171,600 \]
Now solve for BB:
\[ 74,000 = \text{BB} - 15,000 \]
\[ \text{BB} = 74,000 + 15,000 \]
\[ \text{BB} = 89,000 \]
T](https://theinternetioimages-f2htc2ggcrath6d7.z01.azurefd.net/$web/askai/feabd511-40b4-4929-99bd-0ee1269dc3fb.webp)
Ask AI on The Internet
Question: Case (A) Beginning Balance ? Ending Balance $74,000 Transferred In 156,600 Transferred Out 171,600 For Case (A) above, what is the Beginning Balance (BB)? Select one: A. $59,000 B. $89,000 C. $74,000 D. $97,600
To find the Beginning Balance (BB) for Case (A), we can use the following formula: \[ \text{Beginning Balance} + \text{Transferred In} - \text{Transferred Out} = \text{Ending Balance} \] Given the information: - Ending Balance = $74,000 - Transferred In = $156,600 - Transferred Out = $171,600 We can substitute these values into the formula: \[ \text{Beginning Balance} + 156,600 - 171,600 = 74,000 \] Simplify the equation: \[ \text{Beginning Balance} - 15,000 = 74,000 \] Add 15,000 to both sides to solve for the Beginning Balance: \[ \text{Beginning Balance} = 74,000 + 15,000 \] \[ \text{Beginning Balance} = 89,000 \] So, the correct answer is: B. $89,000
A new large language model has been made available since this question was asked.
To generate an updated answer from the new model, click the button below.
Think your answer is better than the AI's? Post it below.
Other Most Relevant Posts:
Question Tags
If you want your question answered by an AI, click here.
Post your own comment or use AI: