A business ended the year with a cash balance of $40 000. During the year, the following transactions took place: Assuming no other transactions took place, the cash at the beginning of the year was:
A) $45 000.
B) $48 000.
C) $46 500.
D) $35 000.

Question

A business ended the year with a cash balance of $40 000. During the year, the following transactions took place:  Assuming no other transactions took place, the cash at the beginning of the year was:
A) $45 000. 
B) $48 000. 
C) $46 500. 
D) $35 000.

Quizplus · Accepted Answer

The Answer of A business ended the year with a cash balance of $40 000. During the year, the following transactions took place:  Assuming no other transactions took place, the cash at the beginning of the year was:
A) $45 000. 
B) $48 000. 
C) $46 500. 
D) $35 000.

A Business Ended the Year with a Cash Balance of $40