Reference no: EM133012514

Problem 1: If the beginning Cash account balance was $18,400, the ending balance was $10,200, and total cash received during the period was $44,000, what amount of cash was paid out during the period?

Select one:

a. $52,200

b. $35,800

c. $ 1,800

d. $42,400

e. None of the above

Problem 2: Recording the borrowing of money for which a note is signed involves:

Select one:

a. Increasing Cash and decreasing Notes Receivable

b. Increasing Cash and increasing Accounts Payable

c. Increasing Cash and increasing Service Fees Earned

d. Increasing Cash and increasing Notes Payable

e. None of the above