Question

Beginning and ending Cash account balances of Moonbeam, Inc. were $38,000 and $16,000, respectively. If total cash received during the period was $74,000, what amount of cash was paid out during the period?

Answer 1

Answer:

$96,000

Explanation:

Total cash received during the period = beginning cash + cash received - ending cash

$38,000 +  $74,000 - $16,000 = $96,000

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