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Consider the Following Information Taken from the Cash Account

Question 70

Multiple Choice

Consider the following information taken from the cash account. Assume cash payments were 80% of collections. Consider the following information taken from the cash account. Assume cash payments were 80% of collections. How much was the beginning balance of the cash account? A) $57,200 B) $92,300 C) $103,350 D) $35,100 How much was the beginning balance of the cash account?


A) $57,200
B) $92,300
C) $103,350
D) $35,100

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