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If the balance of the cash account is 200000 at the end of

Cash account balance

During the month, Warwick Co. received $515,000 in cash and paid out $375,000 in cash.

a. Do the data indicate that Warwick Co. had net income of $140,000 during the month? Explain.

b. If the balance of the cash account is $200,000 at the end of the month, what was the cash balance at the beginning of the month?

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Accounting Basics: If the balance of the cash account is 200000 at the end of

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