Question
On April 1 st , a firm had a beginning cash balance of $239. March sales were $474 and April sales were $463. During April,
On April 1st, a firm had a beginning cash balance of $239. March sales were $474 and April sales were $463. During April, the firm had cash expenses of $135 and payments on accounts payable of $212. The accounts receivable period is 30 days. What is the firm's beginning cash balance on May 1st? Assume a 360-day year.
O $397
O $355
O $366
O $419
O $382
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Principles Of Financial Auditing
Authors: Athmane Mokhbi
1st Edition
B09LGTJJFG, 979-8763532265
