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The Cash T-Account of Firefly, Inc

Question 57

Multiple Choice

The Cash T-account of Firefly, Inc. has a beginning balance of $156,000. During the year, $732,000 was debited and $723,000 was credited to the account. What is the ending balance of cash?


A) $111,000
B) ($ 15,000)
C) $165,000
D) Cannot be determined from the information given

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