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Using the supplement for the Adams Company, what is the credit line balance owed at the end of March? O a. 0 Ob. Oc 7,000

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Using the supplement for the Adams Company, what is the credit line balance owed at the end of March? O a. 0 Ob. Oc 7,000 8,000 11,000 d. Use the following schedule to calculate the cash flow for the Adams Company and answer the two related questions (# 37 and #38). The bank requires the company to keep a $40,000 minimum balance. January February March Beginning cash balance $ 40,000.00 Cash receipts 115,000.00 118,000.00 114,000,00 Cash collections from credit sales Total cash available Cash disbursements Purchases $ 64,000.00 $ 70,000.00 $ 71,000.00 37,000.00 Wages, taxes, and expenses Interest on LT Debt 41,000.00 11,000.00 39,000.00 10,000.00 12,000.00 Total cash disbursements $ 113,000.00 $ 122,000.00 $ 120,000.00 Ending cash balance (before credit line activity)

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