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Required information The following information applies to the questions displayed below.) The following Cash T-account shows the total debits and total credits to the Cash

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Required information The following information applies to the questions displayed below.) The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year 5 Balance, Dec. 31, prior year Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash 333,000 5,000,000 Payments for Inventory 208,400 Payments for wages 220,000 Payments for rent 710,880 Payments for interest 1,540,880 Payments for taxes 3,600,000 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock $ 2,590,000 550,000 320,000 218.000 450, een 2,236,000 1,260,000 385,000 500,000 218, Bee Balance, Dec. 31, current year $

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