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What is the balance in the Cash account at the end of March

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Reference no: EM133138647

Question - The following transactions occurred during March, the first month of operations for Scrooge Incorporated:

Capital stock was issued in exchange for $360,000 cash.

Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance.

Made a $35,000 payment on the note payable from the equipment purchase.

Sold a piece of equipment for $18,000 cash. The equipment was sold at cost, so there is no gain or loss on the sale.

Required - What is the balance in the Cash account at the end of March?

Reference no: EM133138647

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