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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 72 Checks $80,275

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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 72 Checks $80,275 Ending balance How much was the beginning balance of the cash account? a. $57,200 b. 592,300 C. $35.100 d. S103.350

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