In the month of August, a firm had total cash receipts of $69,000, total cash...
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Finance
In the month of August, a firm had total cash receipts of $69,000, total cash disbursements of $29,000, depreciation expense of $ 16,000, a minimum cash balance of $3,000, and a beginning cash balance of $17,000. Based on the given information, determine the ending cash balance for August

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