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Accounting

At November 1, 2010, Myers Enterprises reported a cash balance of $60,000. During the month, Kern collected cash of $20,000 and made disbursements of $35,000. At September 31, 2010, what is the cash balance?

a) $80,000 debit

b) $45,000 credit

c) $45,000 debit

d) $55,000 credit

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9443125

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