If the beginning Cash account balance of Crossbow, Inc. was $36,800, the ending balance was $20,400, and total cash received during the period was $88,000, what amount of cash was paid out during the period?
A) $ 3,600
B) $ 84,800
C) $104,400
D) $ 71,600

Question

Quizplus · Accepted Answer

Beginning cash + Cash receipts - Cash payments = Ending Cash
($36,800 + $88,000 - X = $20,400)
(X = $ 36,800 + $88,000 - $20,400) = $104,400

If the Beginning Cash Account Balance of Crossbow, Inc