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How much is the ending balance of cash

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Question - At the beginning of the period, FDN Trading had a cash balance of P27,000 and a notes payable of P18,000. During the period, the business collected P15,000 accounts receivable, paid P9,000 notes payable, and issued additional notes payable of P7,000 in exchange for cash. How much is the ending balance of cash?

Reference no: EM133079099

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