Consider the Following Information from the Cash Account

Essay

Consider the following information from the cash account. Assume cash payments were 84% of collections.How much was the beginning balance of the cash account? $$\begin{array} { | c | l | } \hline \text { Cash } & \\\hline ? ? & \text { Beg. balance } \\\hline \$ 245,000 & \text { Collections } \\\hline ? ? & \text { Disbursements } \\\hline \$ 80,275 & \text { End. bal ance } \\\hline\end{array}$$