Beginning and ending Cash account balances of Firefly, Inc. were $57,000 and 24,000, respectively. If total cash received during the period was $111,000, what amount of cash was paid out during the period?
A) $159,000
B) $144,000
C) $ 90,000
D) $138,000

Question

Quizplus · Accepted Answer

Beginning cash + Cash receipts - Cash payments = Ending Cash
($57,000 + $111,000 - X = 24,000)
(X = 57,000 + $111,000 - $24,000) = $144,000

Beginning and Ending Cash Account Balances of Firefly, Inc