Consider the following information from the cash account. Assume cash payments were 84% of collections.How much was the beginning balance of the cash account? $$\begin{array} { | c | l | }
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 245,000 & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End. bal ance } \
\hline
\end{array}$$

Question

Consider the following information from the cash account. Assume cash payments were 84% of collections.How much was the beginning balance of the cash account? $$\begin{array} { | c | l | } 
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 245,000 & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End. bal ance } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Consider the following information from the cash account. Assume cash payments were 84% of collections.How much was the beginning balance of the cash account? $$\begin{array} { | c | l | } 
\hline \text { Cash } & \
\hline ? ? & \text { Beg. balance } \
\hline \$ 245,000 & \text { Collections } \
\hline ? ? & \text { Disbursements } \
\hline \$ 80,275 & \text { End. bal ance } \
\hline
\end{array}$$

Consider the Following Information from the Cash Account