Consider the following information from the cash account.Assume cash payments were 84% of collections.

$\begin{array}{|c|l|}
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 245,000 & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End balance } \
\hline
\end{array}$
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.

$\begin{array}{|c|l|}
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 245,000 & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End balance } \
\hline
\end{array}$ 
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.

$\begin{array}{|c|l|}
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 245,000 & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End balance } \
\hline
\end{array}$ 
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