Cash Account Balance During the month, Shogun Co. received $515,000 in cash and paid out $331,000 cash. a. Do the data indicate that Shogun Co. had net income of $184,000 during the month? No: the cash account does not necessarily indicate earnings. b. If the balance of the cash account is $222,350 at the end of the month, what was the cash balance at the beginning of the month? $ 406,350 x Feedback Check My Work (a) Remember that cash is an asset under the balance sheet accounts. (b) Recall that the cash account is an asset account. With an asset account, the excess of debits over its credits is the balance of