Consider the following information taken from the cash account. Assume cash payments were 80% of collections.

Question

Question

Consider the following information taken from the cash account. Assume cash payments were 80% of collections.

How much was the beginning balance of the cash account?

$57,200

$92,300

$103,350

$35,100

Question 8

A special form on which is recorded pertinent data about a liability and the particulars of its payment is called a(n)

invoice

voucher

debit memo

remittance advice

business accounting

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Answer 1

Answer #1

Your required answer is option A i.e. $57,200

Explanation:

Answer 8:

Your required answer is option B i.e. Voucher

Explanation:

A special form on which is recorded pertinent data about a liability and the particulars of its payment is called a Voucher.

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Answer 2

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Consider the following information taken from the cash account. Assume cash payments were 80% of collections.

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