Solution-What was the cash balance at the beginning of the

What was the cash balance at the beginning of the month

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Reference no: EM132875071

Problem - Cash account balance - During the month, Lathers Co. received $400,000 in cash and paid out $290,000 in cash.

a. Do the data indicate that Lathers Co. had net income of $110,000 during the month? Explain.

b. If the balance of the cash account is $185,000 at the end of the month, what was the cash balance at the beginning of the month?

Reference no: EM132875071

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What was the cash balance at the beginning of the month

Reference no: EM132875071

Reference no: EM132875071

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