If the beginning Cash account balance of Crossbow, Inc. was $46,800, the ending balance was $22, 200,and total cash received during the period was $71,000, what amount of cash was paid out during theperiod?

Cash account is an asset account in which all cash inflow and cash outflow items are shown. Cash…

Answered: If the beginning Cash account balance…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If the beginning Cash account balance of Crossbow, Inc. was $46,800, the ending balance was $22, 200, and total cash received during the period was $71,000, what amount of cash was paid out during the period?