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    Gumbo Company had the following transactions during the month of December. What was the December 1 cash balance?

    TransactionsTransactions

    Dividends Paid $ 221
    Credit Sales $149
    Payments for equipment $1,496
    Taxes Paid $2,032
    Common stock sold $2,550
    Inventory received $2,125
    Cash sales $2,763
    Cash balance Dec. 31 $9,869

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