Newman production services has the following transactions for the year
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- Newman production services has the following transactions for the year:
- Beginning cash balance of $45,000
- Accounts receivable arising from credit sales of $45,000
- Cash collections on credit sales of $30,000
- Utility bill received but not yet paid of $5,000
- Owner investment of $7,500
- Owner withdrawal of $4,500
- Cash sales amounting to $12,000
- What is the ending cash balance as a result of the you recording all of the above transactions?
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