Question
Andy Company had a cash balance on May 1 of $27,000. At the end of May, the cash balance had increased to $31,000. During the
Andy Company had a cash balance on May 1 of $27,000. At the end of May, the cash balance had increased to $31,000. During the month of May, Andy received cash of $48,000 from various sources. Based on this information, cash payments for the month of May were:
| $44,000 |
| $75,000 |
| $27,000 |
| $31,000 |
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
