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Find the balance in the cash account at the end of March

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Question - A business is formed at the beginning of March (20,000 shares of common stock are issued for $20,000). During March the business purchases equipment on account for $25,000; they purchase material on account for $15,000; they pay payroll costs of $5,000; and they pay other operating expenses of $7,000. Find the balance in the cash account at the end of March?

Reference no: EM132677780

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