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A company had credit sales of $36,000 and cash sales of $10,000 during the month of May. Also during May the company paid wages of
A company had credit sales of $36,000 and cash sales of $10,000 during the month of May. Also during May the company paid wages of $16,000 and utilities of $2800. It also received payments from customers on account totaling $5000. At the beginning of May the company had a cash balance of $29,000. What is the company's cash balance at the end of May? 
A company had credit sales of $36,000 and cash sales of $10,000 during the month of May. Also, during May, the company paid wages of $16.000 and utilities of $2,000. It also received payments from customers on account totaling $5,000. At the beginning of May, the company had a cash balance of $29,000. What is the company's cash balance at the end of May? O A $20.200 OB. $39.000 C$25.200 OD 544,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
