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On June 30th, Carla’s Cookies accounts include Cash $100,000, Accounts Receivable $50,000, Equipment $25,000 and Accounts Payable $75,000. During the month of July, the company used cash to purchase $8,000 of equipment and collected one-half of the accounts receivable. What is Carla’s cash balance on July 31st?
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On June 30th, Carla’s Cookies accounts include Cash $100,000, Accounts Receivable $50,000, Equipment...
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