If the beginning Cash account balance of Firefly, Inc. was $110,400, the ending balance was $61,200, and total cash received during the period was $264,000, what amount of cash was paid out during the period?
A) $ 313,200
B) $ 214,800
C) $ 25,800
D) $ 254,850

Question

Quizplus · Accepted Answer

Beginning cash + Cash receipts - Cash payments = Ending Cash
($110,400 + $264,000 - X = $61,200)
(X = $110,400 + $264,000 - $61,200) = $313,200

If the Beginning Cash Account Balance of Firefly, Inc