Cash Account Balance During the month, Warwick Co. received $349,150 in cash and paid out $294,700 in cash. a. Do the data indicate that Warwick Co. had net income of $54,450 during the month? b. If the balance of the cash account is $78,900 at the end of the month, what was the cash balance at the beginning of the month? x Feedback V Check My Work transactions. b. Set up a T account for Cash. Receipts of cash are increases and payments are decreases to the cash account