# During the month, Warwick Co. received $515,000 in cash and paid out$375,000 in cash.a. Do the data indicate that Warwick Co. had net income of $140,000 duringthe month? Explain.b. If the balance of the cash account is$200,000 at the end of the month, what was thecash balance at the beginning of the month?

Question

During the month, Warwick Co. received $515,000 in cash and paid out$375,000 in cash.
a. Do the data indicate that Warwick Co. had net income of $140,000 during the month? Explain. b. If the balance of the cash account is$200,000 at the end of the month, what was the
cash balance at the beginning of the month?