A Business Ended the Year with a Cash Balance of $40

question 81

Multiple Choice

A business ended the year with a cash balance of $40 000. During the year, the following transactions took place: Assuming no other transactions took place, the cash at the beginning of the year was:

• A) $45 000.
• B) $48 000.
• C) $46 500.
• D) $35 000.