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  3. during the month warwick co. received $515,000 in

During the month Warwick Co. received $515,000 in cash and paid out $375,000 in cash....

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Accounting

During the month Warwick Co. received $515,000 in cash and paid out $375,000 in cash.

a) Do the data indicate Warick 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?

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