On May 1,Vaya Corp.had a beginning cash balance of $175.Vaya's sales for April were $430 and May sales were $480.During May,the firm had cash expenses of $110 and made payments on accounts payable of $290.Vaya's accounts receivable period is 30 days.What is the firm's beginning cash balance on June 1?
A) $145
B) $155
C) $205
D) $215
E) $265
Correct Answer:
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