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Zeke Company is a manufacturing company that has worked on several production jobs during the 1st quarter of the year. Below is a list of all the jobs for the quarter: Job 356, 357, 358 & 359 were completed. Jobs 356 & 357 were sold at a profit of $500 on each job.
What is the ending balance of Finished Goods for Zeke Company as of the end of the 1st quarter?
Notes Payable
Written agreements where the borrower promises to pay back a specified sum of money plus interest to the lender at a future date.
Cash Flow
The total amount of money being transferred into and out of a business, affecting its liquidity and overall financial health.
Financing Activities
Actions leading to alterations in the size and composition of a company's equity capital or debt.
Cash Flow
The total amount of money being transferred into and out of a business, especially as affecting liquidity.
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