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The beginning-of-the-period cash balance for the Taylor Company was a $12,000 debit. Cash sales for the month were $8,000 and sales on account were $8,000.
The beginning-of-the-period cash balance for the Taylor Company
was a $12,000 debit. Cash sales for the month were $8,000 and sales on account were $8,000. The
company paid $2,500 cash for current-period purchases and also paid $3,000 cash for amounts due
from last month. What is the ending debit or credit balance in the Cash account?
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