Solved: Storm vogel tools has the following year-end account, Accounting Basics

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Storm vogel tools has the following year-end account

Question - Storm Vogel Tools has the following year-end account balances:

Accounts Receivable, £5,000

Supplies, £12,000

Equipment, £18,000

Accounts Payable, £17,000

Share Capital, £43,000

Cash, £?

Assuming that Storm Vogel has only the account balances listed, how much must its cash balance be?

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Accounting Basics: Storm vogel tools has the following year-end account

Reference No:- TGS02661395

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Accounting Basics: Storm vogel tools has the following year-end account

Reference No:- TGS02661395

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