On February 1, the cash account balance was $14,750. During February, cash payments totaled $93,400

On February 1, the cash account balance was $14,750. During February, cash payments totaled $93,400, and the February 28 balance was $15,200. Determine the cash receipts during February


Answer:
Using the following T account, solve for the amount of cash receipts (indicated by ? below).


Cash
Feb. 1 Bal. 14,750 93,400 Cash payments
Cash receipts ?
Feb. 28 Bal. 15,200


$15,200 = $14,750 + Cash receipts – $93,400
Cash receipts = $15,200 + $93,400 – $14,750 = $93,850