Tennison Corporation had the following transactions in its first year of operations:

Sales (90% collected in year)	$	1,500,000
Bad debt write-offs		60,000
Disbursements for costs and expenses		1,200,000
Disbursements for income taxes		90,000
Purchases of fixed assets		400,000
Depreciation of fixed assets		80,000
Proceeds from issuance of common stock		500,000
Proceeds from short-term borrowings		100,000
Payments on short-tern borrowings		50,000

What is the cash balance at year end?

$150,000.

$170,000.

$210,000.

$280,000.

Answer rating: 100% (QA)

Answer 210000 Working Cash receipts Sales 1350000 Proceeds from issuance of ... View the full answer