A corporation had $24,000 of cash at the beginning of the year. During the year, it had
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Question:
A corporation had $24,000
of cash at the beginning of the year. During the year, it had sales on account of $21,000
and cash receipts of $25,000
during the year. At the end of the year, it had $33,000
of cash. What was the corporation's cash disbursements for the year?
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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