Consider the Following Information Taken from the Cash Account A) $57,200
B) $92,300
C) $103,350
D) $35,100

question 147

Multiple Choice

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? $$\begin{array} { | c | l | } \hline \text { Cash } & \\\hline ? ? & \text { Beginning balance } \\\hline \$ 115,375 & \text { Collections } \\\hline ? ? & \text { Disbursements } \\\hline \$ 80,275 & \text { Ending balance } \\\hline\end{array}$$

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

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