Storm Vogel Tools has the following year-end account balances: Accounts Receivable, 5,000 Supplies, 12,000 Equipment, 18,000 Accounts
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Question:
Storm Vogel Tools has the following year-end account balances:
Accounts Receivable, 5,000
Supplies, 12,000
Equipment, 18,000
Accounts Payable, 17,000
Share Capital, 43,000
Cash, ?
Assuming that Storm Vogel has only the account balances listed, how much must its cash balance be?
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