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At August 1, 2020, Harbor Company Ltd. had a cash balance of $8900. During the month, the company made purchases of $11100, of which 20%
At August 1, 2020, Harbor Company Ltd. had a cash balance of $8900. During the month, the company made purchases of $11100, of which 20% was paid in cash. The company also received advance payment from customers of $7900 in cash, for which services will be provided at the end of the year. What is the cash balance at August 31, 2020
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