Anjali and co. owns a 1200000 building. in addition it has, Ask an Expert

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Anjali and Co. owns a $1,200,000 building. In addition, it has $120,000 in accounts receivable (rent to be collected from its tenants) and $80,000 in supplies and materials. The company's only other asset is cash. The company also has short tem debt of $100,000, long term notes payable of $600,000 and equity of $900,000 ($250,000 is contributed capital and the rest is retained earnings.) How much cash does Anjali and Co. have?

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Category:- Accounting Basics
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