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QUESTION 3 Microtel began operations at the beginning of 20X6 with a $10.000 cash investment by stockholders. During 20x6. Microtel had revenue on account of
QUESTION 3 Microtel began operations at the beginning of 20X6 with a $10.000 cash investment by stockholders. During 20x6. Microtel had revenue on account of $5.000: of this amount $2.000 was collected during 20x6 and $3.000 was an outstanding receivable at year-end. Microtel incurred $3,000 of operating expenses during 20x6: of this amount $1,000 was unpaid at year-end. During 20X6, $1.000 cash was disbursed as dividends. The only other transaction during 20X6 was the purchase of ss.000 of equipment for cash near the end of the year. How much cash did Microtel have on hand at year-end? TTI Arial 3 (12pt) ' T.-, l
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