During the month, Bavarian Auto Co, received

$370,150

in cash and paid out

$312,400

in cash.\ a. Does this information indicate that Bavarian Aut Co. had net income of

$57,750

during the month?\ Net income is the net change in all assets and liabilities from operating (revenue and expense) transactions.\ b. If the balance of the cash account is

$83,650

at the end of the month, what was the cash balance at the beginning of the month?

Answer rating: 100% (QA)

a To determine if Bavarian Auto Co had net income of 57750 during the ... View the full answer