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Determine the balance of cash ledger account

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Reference no: EM132811053

Question - The information below relates to Almosa Real Estate Agency:

1st Oct: Stockholders invested $34,000 in exchange for common stock of the agency.

2nd Oct: Hires an administrative assistant who will start working from the 15th of November at an annual salary of $36,000.

3rd Oct: Buys equipment for $3,500 on account.

10th Oct: Receives $1400 in commission for acting as rental agent renting an apartment.

27th Oct: Pays $1,500 for the equipment purchased on October 3.

28th Oct: Pays the employees $3,000 in salaries for October.

30th Oct: Pays dividends of $3,000 to the stockholders.

From the transactions above, determine the balance of Cash ledger account?

Reference no: EM132811053

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