During the month of February, Hoffer Company had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the January 31 beginning cash balance?
 | $700 |
| $1,100 | |
| → | $2,900 |
| $0 | |
| $4,300 |
Beginning balance + $7,500 - $8,600 = $1,800
Beginning balance = $2,900
Beginning balance = $2,900
