Multiple Choice
As of the beginning of the quarter,Lester's Market had a cash balance of $326.During the quarter the market paid suppliers $310,collected $418 on its accounts receivables,paid an interest payment of $32,and a tax bill of $184.In addition,the market borrowed $80.What was the cash balance at the end of the quarter?
A) $298
B) $267
C) $255
D) $272
E) $286
Correct Answer:
Verified
Correct Answer:
Verified
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