Jackson Industries has collected the following information but needs assistance completing the table.The cash payments were 90% of collections.

$\begin{array}{|c|l|}
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 511,770 & \text { Collections } \
\hline ? ? & \text { Payments } \
\hline \$ 102,275 & \text { End balance } \
\hline
\end{array}$
How much was the beginning balance of the cash account?

Question

Jackson Industries has collected the following information but needs assistance completing the table.The cash payments were 90% of collections.

$\begin{array}{|c|l|}
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 511,770 & \text { Collections } \
\hline ? ? & \text { Payments } \
\hline \$ 102,275 & \text { End balance } \
\hline
\end{array}$ 
How much was the beginning balance of the cash account?

Quizplus · Accepted Answer

The Answer of Jackson Industries has collected the following information but needs assistance completing the table.The cash payments were 90% of collections.

$\begin{array}{|c|l|}
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 511,770 & \text { Collections } \
\hline ? ? & \text { Payments } \
\hline \$ 102,275 & \text { End balance } \
\hline
\end{array}$ 
How much was the beginning balance of the cash account?

Jackson Industries Has Collected the Following Information but Needs Assistance