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Weimar World, a tax-preparation service, had a cash balance of $175,000 as of June 1. During the month of June, Weimar World had the following
Weimar World, a tax-preparation service, had a cash balance of $175,000 as of June 1. During the month of June, Weimar World had the following transactions: Billed $600,000 in revenues on credit; Received $340,000 from customers' accounts receivable; Incurred expenses of $290,000 but only paid $125,600 cash for these expenses; Prepaid $15,800 for computer services to be used next month. What was the company's cash balance on June 30? Select one: O a. $(14,975) O b. $333,200 O c $373,600 O d. None of these are correct. e. $389,400
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