On June 30th, Carla’s Cookies accounts include Cash $100,000, Accounts Receivable $50,000, Equipment $25,000 and Accounts Payable $75,000. During the month of July, the company used cash to purchase $8,000 of equipment and collected one-half of the accounts receivable. What is Carla’s cash balance on July 31st?

Carla’s cash balance on July 31st is $117,000.

Explanation:

On June 30

Cash Balance = $100,000

Accounts Receivable = $50,000

Equipment = $25,000

Account Payable = $75,000

Purchase of equipment for cash = $8,000

Collection from receivables = $50,000 x 0.5 = $25,000

Cash Balance at July 31 = Cash Balance June 30 + Cash Inflows in July - Cash outflows in July

Cash Balance at July 31 = $100,000 + $25,000 - $8,000 = $117,000

all of them make sense but, i would have to say ask someone who has been there/or lives there, and/or read recent newspapers from that city.

hope this !

b is the correct answer