ANSWER
$307,280
EXPLANATION
Cash is an asset to a business and the most liquid of all of its assets.
Using the double-entry accounting system, cash transactions are recorded as follows:
Increase in cash Debit
Decrease in cash Credit
The cash balance at the end of the period is determined as follows:
$
Cash balance at the beginning xxx
Add cash receipt during the period xxx
Less cash payment made <u> (xxx)</u>
Cash balance at the end <u> </u><u><em>xxx</em></u>
<em>We can apply this to the question:</em>
14,290 = 19850 + 301, 720 - y <em> (let y denote cash payment )</em>
<em>y = 19,850 + 301,720 - 14,290</em>
<em>y</em><em> = 307,280</em>
<em>cash payment made $307,280</em>
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