Answer:
The answer is $8,600
Explanation:
Closing cash balance at the end of June =
Opening balance at the beginning of June plus inflow in the month minus outflow in the month.
i.e Opening balance + inflow - outflow.
In the example, Widsor has Opening balance of $36,120
Inflow of $13,760
Outflow of $41,280
Therefore closing cash balance = $36,120 + $13,760 - $41,280
= $8,600
