Question: BRIEF EXERCISE 2 . 7 Computing Change in Cash Wilkes Company had the following transactions during the current year: Earned revenues of $ 1 0

BRIEF EXERCISE 2.7
Computing Change in Cash
Wilkes Company had the following transactions during the current year:
Earned revenues of $100,000 and incurred expenses of $56,000, all in cash.
Purchased a truck for $25,000.
Sold land for $10,000.
Borrowed $15,000 from a local bank.
What was the total change in cash during the year?
BRIEF EXERCISE 2.7 Computing Change in Cash Wilkes Company had the

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