On December $31,2024,$ a firm recognizes an Accounts receivable balance of $$190$ and an Unearned revenue

balance of $$277.$ In addition, the firm recognizes Revenue of $$1,000$ on its Income Statement for the $2025$

fiscal year. Finally, on December $31,2025,$ the firm recognizes an Accounts receivable balance of $$237$ and an

Unearned revenue balance of $$309.$

Considering only the information given above, compute the dollar amount by which the company$$s Cash

balance changed during the $2025$ fiscal year. Please provide a dollar amount and clearly indicate whether

your answer represents an increase, a decrease, or no change to the firm$$s Cash balance.

Answer rating: 100% (QA)

To determine the change in the companys cash balance during the 2025 fiscal year we need to analyze ... View the full answer