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Determine ending balance of cash on hand for January

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Question - Given: Aco began operations on January 1 with cash of $70,000. All of January's $140,000 sales were on account. During January no customer collections occurred. Costs of goods sold was $30,000, and there was no ending inventories or any accounts payables.

Required - Determine ending balance of cash on hand for January.

Reference no: EM132446451

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