Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $ 34,000 Cash received from the bank for long-term loan 39,000 Cash paid to purchase factory equipment (44,000 ) Cash paid to merchandise suppliers (10,800 ) Cash received from the sale of an unused warehouse 11,800 Cash paid to workers (22,800 ) Cash paid for advertisement (2,800 ) Cash received for sale of services to customers 24,000 Cash paid for dividends to stockholders (4,800 ) Assume the balance of cash at the beginning of the period is $3,800. Required: 1. Calculate the ending balance of cash.
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Tiger Trade has the following cash transactions for the period. Accounts Amounts Cash received from...
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