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Triss [41]
3 years ago
11

On june 1, 2014, england inc. reported a cash balance of $21,000. during june, england made deposits of $8,000 and made disburse

ments totaling $24,000. what is the cash balance at the end of june?
Business
1 answer:
mariarad [96]3 years ago
4 0
The deposit made by the June will be added to the original cash balance. That is, $21,000 + $8,000 which is equal to $29,000. Then, the disbursement will be subtracted from the value calculated above. 
                             final cash balance = $29,000 - $24,000
                                                           = $5,000
Therefore, the final cash balance of England Inc. is $5,000. 
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