At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 18,000 Accounts Receivable $ 44,000 Land $
At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 18,000 Accounts Receivable $ 44,000 Land $ 244,000 Cash ? Capital Stock ? Equipment $ 124,000 Building $ 184,000 Notes Payable $ 194,000 Retained Earnings $ 164,000 If Capital Stock is $264,000, what is the December 31, Year 1 cash balance?
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Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
