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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 Collections ?? Disbursements $80,275
Consider the following information taken from the cash account. Assume cash payments were 80% of collections.
| Cash | |
| ?? | Beginning balance |
| $115,375 | Collections |
| ?? | Disbursements |
| $80,275 | Ending balance |
How much was the beginning balance of the cash account?
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Cost Accounting A Managerial Emphasis
Authors: Madhav, Charles, Srikant
15th Edition
933254221X, 978-9332542211
