Question
A company started 2020 with $82,967 in cash. During 2020, cash receipts were expected to be $354,494 and cash payments were expected to be $293,122.
A company started 2020 with $82,967 in cash. During 2020, cash receipts were expected to be $354,494 and cash payments were expected to be $293,122. Depreciation Expense was expected to be $10,000. What is the expected cash balance at the end of 2020?
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
6th Edition
0314280456, 978-0314280459
