Knowledge Check 01 Montego Company's Cash account had a balance of $14,000 on January 1. Analysis of the company's Cash account during the year revealed the following information: Receipts from customers Payments for dividends Receipts of dividends Payments for merchandise Receipts from issuance of stock On December 31, the company's Cash account had a balance of $40,000 O $54,000 O $110,000 O $124,000 $ 50,000 10,000 5,000 25,000 20,000

Montego Company's Cash account had a balance of $14,000 on January 1 Analysis of the company's Cash account during the year revealed the following information: On December 31, the company's Cash account had a bolance of $40.000 $54,000 $110.000 $124,000 Montego Company's Cash account had a balance of $14,000 on January 1 Analysis of the company's Cash account during the year revealed the following information: On December 31, the company's Cash account had a bolance of $40.000 $54,000 $110.000 $124,000