On May 1, 2021, the Cash balance in X Company was $76,000. During May, the company rendered services for customers and collected $156,000 cash, paid expenses totaling $96,000. The owner withdrew $3,000 cash during that month. The cash balance at the end of May was: *

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On May 1, 2021, the Cash balance in X Company was $76,000. During May, the company rendered services for customers and collected $156,000 cash, paid expenses totaling $96,000. The owner withdrew $3,000 cash during that month. The cash balance at the end of May was: *
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