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Question
Consider the following information taken from the cash account. Assume cash payments were 80% of collections.
| Cash | |
| ?? | Beginning balance |
| $115,375 | Deposits |
| ?? | Checks |
| $80,275 | Ending balance |
How much was the beginning balance of the cash account?
a. $57,200
b. $92,300
c. $103,350
d. $35,100
Answer
This answer is hidden. It contains 1 characters.
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