Answered

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At the start of the month, a company reported a $34,000 debit balance in its cash account. During the month, the company debited cash for $30,000 and credits cash for $42,000. At the end of the month, the cash account has a.

Sagot :

Answer:

The ending cash balance equals the beginning cash balance plus cash receipts occurring during the period minus cash payments occurring during the period.

The ending cash balance = $34,000 + 30,000 − 42,000 = $22,000.

Explanation

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