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Question - As of the beginning of the quarter, you have a cash balance of $250. During the quarter you pay your suppliers $310. Your accounts receivable collections are $420. You also pay an interest payment of $30 and a tax bill of $180. In addition, you borrow $75. What is your cash balance at the end of the quarter?
A. $225
B. $245
C. $255
D. $275
E. $285
Create and maintain accounting records with QuickBooks.
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