At December 31, 2015, the accounting records of Wyndam Corporation contain the following: Accounts payable $ 16,000 Accounts receivable $ 40,000 Land 240,000 Cash ? Capital stock ? Equipment 120,000 Building 180,000 Notes payable 190,000 Retained earnings 160,000 If capital stock is $260,000, what is the December 31, 2015 cash balance?
a. $46,000
b. $506,000
c. $94,000
d. $86,000
a
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