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Hilton Foods has an initial cash balance of $12,100. This company received and recorded $6,700 from customers, depositing the same in the bank. Metlock also

Hilton Foods has an initial cash balance of $12,100. This company received and recorded $6,700 from customers, depositing the same in the bank. Metlock also issued $15,300 in cheques to suppliers of which $9,700 had cleared the bank.

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