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The company's total assets are $42,000. The following is a listing of the company's accounts and account balances as of December 31, Year 3.
The company's total assets are $42,000. The following is a listing of the company's accounts and account balances as of December 31, Year 3. This company doesn't have any other accounts. Accounts Payable $ 9,000 Accounts 8,000 Receivable Supplies 3,000 Equipment 27,200 Common Stock 20,000 Cash Retained Earnings Required: a. Determine the balance of the Cash account. Cash $ 3,800
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