As of the Beginning of the Quarter, Trellis Florists Has

question 312

Multiple Choice

As of the beginning of the quarter, Trellis Florists has a cash balance of $420. During the quarter, suppliers are paid $840, receivables of $1,010 are collected, taxes of $260 are paid, and $55 is
Borrowed. What is Trellis' cash balance at the end of the quarter?

• A) $295
• B) $310
• C) $330
• D) $385
• E) $415

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