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Consider the Following Information from the Cash Account How Much Was the Beginning Balance of the Cash Account

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Essay

Consider the following information from the cash account. Assume cash payments were 84% of collections.  Cash ?? Beg. balance  Collections ?? Disbursements $80,275 End balance \begin{array} { | l | l | } \hline \text { Cash } & \\\hline ? ? & \text { Beg. balance } \\\hline & \text { Collections } \\\hline ? ? & \text { Disbursements } \\\hline \$ 80,275 & \text { End balance } \\\hline\end{array} How much was the beginning balance of the cash account?

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Definitions:

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