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Question 7 At the beginning of Year 2. ABC Company's accounting records had the following accounts and balances: Notes Common Retained Cash Land Payable

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Question 7 At the beginning of Year 2. ABC Company's accounting records had the following accounts and balances: Notes Common Retained Cash Land Payable Stock Earnings $60 $50 $20 $70 $20 During Year 2, ABC Company had the following transactions: ABC Co. paid $10 cash to reduce the principle on a bank note. . ABC Co. provided services to clients for $30 cash. What is the balance of ABC Company's Cash account at the end of Year 2? $50 $90 $80 $60 Previous VT VIRGINIA TECH

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