Consider the following information taken from the cash account.Assume cash payments were 80% of collections. How much was the beginning balance of the cash account?

A) $57,200
B) $92,300
C) $103,350
D) $35,100

Question

Consider the following information taken from the cash account.Assume cash payments were 80% of collections. How much was the beginning balance of the cash account?

A) $57,200 
B) $92,300 
C) $103,350 
D) $35,100

Quizplus · Accepted Answer

The Answer of Consider the following information taken from the cash account.Assume cash payments were 80% of collections. How much was the beginning balance of the cash account?

A) $57,200 
B) $92,300 
C) $103,350 
D) $35,100

Consider the Following Information Taken from the Cash Account