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    Financial Accounting Study Set 12
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    Exam 8: Internal Control and Cash
  5. Question
    Consider the Following Information from the Cash Account
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Consider the Following Information from the Cash Account

Question 58

Question 58

Essay

Consider the following information from the cash account.Assume cash payments were 84% of collections.How much was the beginning balance of the cash account? Consider the following information from the cash account.Assume cash payments were 84% of collections.How much was the beginning balance of the cash account?

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$245,000 × 84% = $20...

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