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Consider the following information taken from the cash account. Assume cash payments were 80% of collections. Beginning balance ?? Collections $115,375 Disbursement ??? End balance
Consider the following information taken from the cash account. Assume cash payments were 80% of collections. Beginning balance ?? Collections $115,375 Disbursement ??? End balance $80,275 How much the beginning balance of cash account 1. $57,200 2. $92,300 3.$103,350 4. $35100
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