Wilkes Company had the following transactions during the current year: Earned revenues of $100,000 and incurred
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• Earned revenues of $100,000 and incurred expenses of $56,000, all in cash.
• Purchased a truck for $25,000.
• Sold land for $10,000.
• Borrowed $15,000 from a local bank.
What was the total change in cash during the year?
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Increases in cash Revenues 100000 S...View the full answer
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Related Book For 
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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