The cash balance for December 1 was $8,305
How to calculate cash balance
Cash Balance December 31 - $9,869
Less: Cash Sales - ($2,763)
= $7,106
Less: Common Stock Sold - ($2,550)
= $4,556
Add: Taxes Paid - $2,032
= $6,588
Add: Payments for equipment - $1,496
= $8,084
Add: Dividends Paid - $221
= $8,305
Therefore,
Cash Balance December 1 - $8,305
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