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Compute gamma ending cash balance for the month of december

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Question - After examining the records of Gamma Inc. for the month of December, the following information is obtained:

Beginning cash balance $2,800

Cash receipts 52,000

Cash payments 37,000

Loan repayments 10,000

Based on the given information, compute Gamma's ending cash balance for the month of December.

a. $(4,800)

b. $(17,800)

c. $10,000

d. $7,800

Reference no: EM133130394

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