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Discussion Help 2

Gumbo Company had the following transactions during the month of December. What was the December 1 cash balance?

TransactionsTransactions

Dividends Paid $ 221
Credit Sales $149
Payments for equipment $1,496
Taxes Paid $2,032
Common stock sold $2,550
Inventory received $2,125
Cash sales $2,763
Cash balance Dec. 31 $9,869

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