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Whispering Winds Companys tabular analysis at the beginning of August included the following balances: Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Accounts
Whispering Winds Companys tabular analysis at the beginning of August included the following balances:
Assets | = | Liabilities | + | Stockholders' Equity | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Retained Earnings | |||||||||||||
Cash | + | Accounts Receivable | = | Accounts Payable | + | Common Stock | + | Revenue | - | Expenses | |||
Beg. Bal | $11000 | $1990 | $1490 |
Use the tabular analysis to determine the balance in Cash if Whispering Winds collects its receivables and pays its accounts in full on August 1.
$10500
$11500
$9510
$12490
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