If the beginning Cash account balance was $18,400, the ending balance was $10,200, and total cash received during the period was $44,000, what amount of cash was paid out during the period?
A) $52,200
B) $35,800
C) $ 1,800
D) $42,400
E) None of the above

Question

Quizplus · Accepted Answer

To find the amount of cash paid out during the period, you can use the formula: Beginning Cash Balance + Cash Received - Cash Paid Out = Ending Cash Balance. Rearranging the formula to solve for Cash Paid Out gives: Cash Paid Out = Beginning Cash Balance + Cash Received - Ending Cash Balance. Plugging in the given values: $18,400 + $44,000 - $10,200 = $52,200.

If the Beginning Cash Account Balance Was $18,400, the Ending