A business using the cash basis of accounting cannot locate, Accounting Basics

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A business using the cash basis of accounting cannot locate

Question: A business using the cash basis of accounting cannot locate all of its records for a given month of operations. Beginning cash was $22,260 and ending cash was $18,388. Cash payments of $162,800 were verified from vendor receipts. The amount of cash sales is unknown. Determine unknown cash sales revenue.

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Accounting Basics: A business using the cash basis of accounting cannot locate

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Accounting Basics: A business using the cash basis of accounting cannot locate

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