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The following information is for Auxiliary, Inc. for the month of May: cash sales of $200,000, accounts receivable payments of $200,000, accounts payable payments of
The following information is for Auxiliary, Inc. for the month of May: cash sales of $200,000, accounts receivable payments of $200,000, accounts payable payments of $200,000, wages and salaries of $100,000, and interest payments of $50,000. There are no other cash inflows or outflows for the month of May, and its beginning monthly cash balance is $50,000. What is Auxiliarys ending cash balance for May?
-$ 50,000
$ 50,000
$100,000
$150,000
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