Mcbride medical had a cash balance of 7000 on january 1., Ask an Expert

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McBride Medical had a cash balance of $7,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed, in the increments of McBride pays its vendor on the last day of the month also. The company had a $30,000 beginning balance in its line of credit liability account.

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Accounting Basics, Accounting

Category:- Accounting Basics
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