Below is the company's Cash T-account.

Cash

Beg. 1,200

5,200 3,100

End. 3,300

The $3,100 amount could represent which of the following?

A) Purchase of supplies on account.

B) Ending balance of cash.

C) Payment for salaries.

D) Collection from customers.

Answer: C

Below is the company's Cash T-account.

Cash

Beg. 1,200

5,200 3,100

End. 3,300

The $5,200 amount could represent which of the following?

A) Purchase of supplies on account.

B) Ending balance of cash.

C) Payment for salaries.

D) Collection from customers.

Answer: D