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Consider the following information taken from the cash account. Assume cash payments were 80% of collections. Cash ?? Beginning balance $115,375 Deposits ?? Checks
Consider the following information taken from the cash account. Assume cash payments were 80% of collections. Cash ?? Beginning balance $115,375 Deposits ?? Checks $80,275 Ending balance How much was the beginning balance of the cash account?
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Accounting For Managers Interpreting Accounting Information for Decision Making
Authors: Paul M. Collier
4th edition
978-111997967, 1119979676, 978-1119979678
