Question 20 Not yet answered Marked out of 1.50 Flag question A company had a beginning total assets balance of P100,000, half of which were cash and the other half were accounts receivables. On the same day, it has liabilities composing only of accounts payable amounting to P40,000. The next day it collected all its accounts receivables and paid half of the accounts payable. How much cash balance after these transactions? O a. 60,000 O b. 80,000 Oc. 20,000 O d. 40,000