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Business, 09.09.2019 20:20 ovengel12

Anew company with a balance of zero in their cash account had the following cash transaction in its first month: obtained a bank loan for $344,000, issued stock to shareholders for $112,000, purchased inventory for $54,000, sold merchandise to a customer for $25,000, and paid a dividend of $26,000 to shareholders. what is the balance in the cash account at the end of the month. note- it may be useful to use a t-account for analysis.

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Anew company with a balance of zero in their cash account had the following cash transaction in its...
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