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Beginning and Ending Cash Account Balances Were $9,500 and $4,000

Question 76

Multiple Choice

Beginning and ending Cash account balances were $9,500 and $4,000, respectively. If total cash received during the period was $18,500, what amount of cash was paid out during the period?


A) $23,000
B) $26,500
C) $24,000
D) $15,000
E) None of the above

Correct Answer:

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