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Safari File Edit View History Bookmarks Develop Window Help mybusinesscourse.com Homework 2 stockholders equity - Yahoo Search Results Yahoo S.. If the beginning Cash account balance of Rainbow... Chegg Study I Guided Solutions and Study Help BusinessCourse Meredith Milholland- E Menu ACCT20653:080-Intro to Accounting-TTH ACCT20653:080-Intro to Accounting-TTH My Subscriptions/Courses ACCT20653:080-Intro to Accounting-TTH Financial: Ch 2: Processing Accounting Information / Homework 2 Financial: Ch 1: Financial Accounting and Business Decisions Financial: Ch 2: Processing Accounting Information ASSIGNMENT NAVIGATION QUESTION 10 Not complete Marked out of 1.0o Flag question 1213 4 5 Financial: Ch 3: Accrual Basis of Business Accounting If the beginning Cash account balance of Rainbow, Inc. was $36,800, the ending balance was $20,400, and total cash received during the period was $88,000, what amount of cash was paid out during the period? 6 789 10 111213 14 15 Select one: Financial: Ch 4: Understanding Financial Statements A. $ 3,600 B.84,800 C.$ 71,600 D. $104,400 16 17 18 19 20 21 22 23 24 25 Financial: Ch 13: Analysis and Interpretation of Financial Statements 26 27 28 29 30 Check 31 32 33 34 Managerial: Ch 1: Overview of Managerial Accounting Finish attempt... Previous page Next page 21

Solution

Ending cash balance=Beginning cash balance+Cash receipts-Cash payments

Hence

Cash payments=(36800+88000-20400)

=$104400.