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On January 1, Kale Company has a beginning cash balance of $42,000. During the year,...

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Accounting

On January 1, Kale Company has a beginning cash balance of $42,000. During the year, the company expects cash receipts of $290,000 and cash disbursements of $340,000. If Kale requires an ending cash balance of $40,000, the company must borrow

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