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During the month of July, the Scolari Corporation received $60,000 in cash investments from owners, paid $25,000 cash for supplies, and purchased $10,000 of

During the month of July, the Scolari Corporation received $60,000 in cash investments from owners, paid $25,000 cash for supplies, and purchased $10,000 of supplies on account. The ending balance in the cash account for the month of July is

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