![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:
\[ 74,000 = \text{BB} - 15,000 \]
\[ \text{BB} = 74,000 + 15,000 \]
\[ \text{BB} = 89,000 \]
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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
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