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The general ledger of JEONGCHEOL INDUSTRIES showed the following balances: Dr Cr Cash ? Accounts Receivable 700,000 Allowance for doubtful accounts -50,000 Accounts Payable 450,000 Choi, Capital 200,000 Choi, Withdrawal -60,000 Expenses 700,000 1,000,000 1,140,000 Revenue Total 1,800,000 How much is the cash balance? Blank 1 Blank 1 Add your answer

The general ledger of JEONGCHEOL INDUSTRIES showed the following balances: Dr Cr Cash ? Accounts Receivable 700,000 Allowance for doubtful accounts -50,000 Accounts Payable 450,000 Choi, Capital 200,000 Choi, Withdrawal -60,000 Expenses 700,000 1,000,000 1,140,000 Revenue Total 1,800,000 How much is the cash balance? Blank 1 Blank 1 Add your answer

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The general ledger of JEONGCHEOL INDUSTRIES showed the following balances: Dr Cr •.. Cash ? Accounts Receivable 700,000 Allowance for doubtful accounts -50,000 Accounts Payable 450,000 Choi, Capital 200,000 Choi, Withdrawal -60,000 Expenses 700,000 1,000,000 1,140,000 Revenue Total 1,800,000 How much is the cash balance? Blank 1 Blank 1 Add your answer
Transcribed Image Text:The general ledger of JEONGCHEOL INDUSTRIES showed the following balances: Dr Cr •.. Cash ? Accounts Receivable 700,000 Allowance for doubtful accounts -50,000 Accounts Payable 450,000 Choi, Capital 200,000 Choi, Withdrawal -60,000 Expenses 700,000 1,000,000 1,140,000 Revenue Total 1,800,000 How much is the cash balance? Blank 1 Blank 1 Add your answer
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