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Business, 04.10.2020 04:01 kimlyn58p0wyn0

Rajiv Financial Services had a cash balance on March 1, 2013 of $1,002,988. Its cash receipts for the month of March totaled $2,744,042. Sales on account for the month amounted to $1,370,880 with cash receipts from these sales to be received in April. Cash expenses for March were $955,968. Purchases on account for March amounted to $252,301 with 30 day payment terms. What is the cash balance for Rajiv Financial Services as of March 31, 2013

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