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Question
On May 1, Vaya Corp. had a beginning cash balance of $175. Vaya's sales for April were $430 and May sales were $480. During May, the firm had cash expenses of $110 and made payments on accounts payable of $290. Vaya's accounts receivable period is 30 days. What is the firm's beginning cash balance on June 1?
A. $145
B. $155
C. $205
D. $215
E. $265
Answer
This answer is hidden. It contains 37 characters.
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