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    Exam 2: Analyzing Transactions
  5. Question
    On January 31, the Cash Account Balance Was $96,750
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On January 31, the Cash Account Balance Was $96,750

Question 198

Question 198

Essay

On January 31, the cash account balance was $96,750. During January, cash receipts totaled $305,000 and cash payments totaled was $375,880. Determine the cash balance on January 1.

Correct Answer:

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(???) + $305,000 - $...

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