Consider the Following Information from the Cash Account How Much Was the Beginning Balance of the Cash Account

question 13

Essay

Consider the following information from the cash account.Assume cash payments were 84% of collections.

$\begin{array}{|c|l|}\hline \text { Cash } & \\\hline ? ? & \text { Beg. balance } \\\hline \$ 245,000 & \text { Collections } \\\hline ? ? & \text { Disbursements } \\\hline \$ 80,275 & \text { End balance } \\\hline\end{array}$
How much was the beginning balance of the cash account?

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