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Montauk oil co reports these account balances at December 31 2014. on January 2 2015 Montauk oil collected $50000 of its account recievable and paid

Montauk oil co reports these account balances at December 31 2014. on January 2 2015 Montauk oil collected $50000 of its account recievable and paid $20000 of its account payable the total of debit column is

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