Question 23
In 2022, Grider Corporation had cash receipts of $35,000, including additional owner investments of $10,000, and cash disbursements of $20,000. Grider purchased equipment of $12,000 on account. Grider's cash balance at December 31, 2022 was $65,000. What was Grider's January 1, 2022 cash balance?
$50,000
$60,000
$85,000
$80,000