During February 2015, its first month of operations, the stockholders of Ariel Pink Enterprises invested cash of $60,000. Ariel had cash revenues of $15,000 and paid expenses of $12,000. Assuming no other transactions impacted the cash account, what is it

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During February 2015, its first month of operations, the stockholders of Ariel Pink Enterprises invested cash of $60,000. Ariel had cash revenues of $15,000 and paid expenses of $12,000. Assuming no other transactions impacted the cash account, what is its balance at February 28?

Cash Flows:

The cash balance a business has is the value the company has in liquid form that can be used to pay liabilities. The tracking of the balance of cash accounts is important to ensure that bills are paid and checks issued do not bounce.

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During February 2015, its first month of operations, the stockholders of Ariel Pink Enterprises...

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Cash Flows:

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