Consider the following information from the cash account. Assume cash payments were 84% of collections. $$\begin{array} { | l | l | }
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End balance } \
\hline
\end{array}$$ How much was the beginning balance of the cash account?

Question

Consider the following information from the cash account. Assume cash payments were 84% of collections. $$\begin{array} { | l | l | } 
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End balance } \
\hline
\end{array}$$ How much was the beginning balance of the cash account?

Quizplus · Accepted Answer

The Answer of Consider the following information from the cash account. Assume cash payments were 84% of collections. $$\begin{array} { | l | l | } 
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End balance } \
\hline
\end{array}$$ How much was the beginning balance of the cash account?

Consider the Following Information from the Cash Account How Much Was the Beginning Balance of the Cash Account