Mathematics, 26.03.2020 04:38 lisa123465

In December 2013, Nikea Inc. performed the following transactions:
• purchased office furniture for $5,000
• incurred $5,000 depreciation on a building
• sold goods for $10,000 in cash
• took a bank loan of $50,000
• purchased office supplies worth $500
• paid salaries amounting to $15,000
What is the closing cash balance?

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In December 2013, Nikea Inc. performed the following transactions:
• purchased office furnitur...

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