Chapter 2 Analyzing Transactions 79 EX 2-11 Cash account balance During the month, Raccoon Co. received $319,750 in cash and paid out $269,900 in cash. a. Do the data indicate that Raccoon Coe med 549,850 during the month? Explain b. If the balance of the cash account is $72,350 at the end of the month, what was the cash balance at the beginning of the month