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< Question 4 (of 8) [The following information applies to the questions displayed below.] The following summarized Cash T-account reflects the total debits and
< Question 4 (of 8) [The following information applies to the questions displayed below.] The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2015. Cash Balance, Dec. 31, 2014 $ 333,000 Receipts from customers Receipts from dividends 5,000,000 Payments for inventory $2,590,000 208,400 Payments for wages 550,000 Receipts from land sale 220,000 Payments for rent 320,000 Receipts from machinery sale 710,000 Payments for interest 218,000 Receipts from issuing stock 1,540,000 Payments for taxes 450.000 Receipts from borrowing 3,600,000 Payments for machinery 2,236,000 Payments for long-term investments 1,260,000 Payments for note payable 386,000 Payments for dividends 500,000 Payments for treasury stock 218,000 Balance, Dec. 31, 2015 7
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