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15-02-2019
Business

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your cash T-account has a debit of $1,200. The following entries are made to cash T-account: debit $345, debit $43, credit $123. What is the new balance?

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15-02-2019

starting with a balance of $1200,

debit -345: 1200 - 345 = 855

debit -43: 855 - 43 = 812

credit +123: 812 + 123 = 935

New balance is $935

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