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During the Month of February, Victor Services Had Cash Receipts

Question 230

Multiple Choice

During the month of February, Victor Services had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the February 1 beginning cash balance?


A) $2,900.
B) $700.
C) $0.
D) $4,300.
E) $1,100.

Correct Answer:

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