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How much cash was on hand at the end of January

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Reference no: EM132743592

Problem - A company began operations on January 1 with cash of $75,000. January sales were $150,000. No collections occurred. Cost of goods sold is $40,000, and there are no ending inventories or payables. How much cash was on hand at the end of January?

A) None of these.

B) $110,000.

C) $35,000

D) $225,000.

E) $135,000.

Reference no: EM132743592

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