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Chapter 19, Problem 3RQ
To determine

Identify the four disadvantages of a partnership from of business organization.

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Please provide the correct answer to this general accounting problem using valid calculations.
During the month of August, Dalton Industries had cash receipts of $4,200 and paid out $1,500for expenses. The August 31st cash balance was $6,100. What was the cash balance on August 1?
I need help with this general accounting problem using proper accounting guidelines.
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