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Consider the following information taken from the cash account. Assume cash payments were 80% of collections. Cash ?? Beg. balance $115,375 Collections ?? Disbursements $80,275
Consider the following information taken from the cash account. Assume cash payments were 80% of collections.
| Cash | |
| ?? | Beg. balance |
| $115,375 | Collections |
| ?? | Disbursements |
| $80,275 | End balance |
How much was the beginning balance of the cash account?
a. $103,350
b. $92,300
c. $35,100
d. $57,200
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Interpretation And Application Of International Standards On Auditing
Authors: Steven Collings
1st Edition
0470661127, 978-0470661123
