During the month of February, Hoffer Company had

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