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QUESTION

Storm Vogel Tools has the following year-end account balances: Accounts Receivable, 5,000 Supplies, 12,000 Equipment, 18,000 Accounts Payable, 17,000...

Storm Vogel Tools has the following year-end account balances: 

Accounts Receivable, £5,000

Supplies, £12,000

Equipment, £18,000

Accounts Payable, £17,000

Share Capital, £43,000

Cash, £? 

Assuming that Storm Vogel has only the account balances listed, how much must its cash balance be? 

£25,000

£95,000

£43,000

Cannot be determined from the data given

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