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Default combine rows and sum data with the same id

Hi,
Here is an example of the data I have.
Account ID Amount
101567 $505.00
101567 $875.00
101567 $2,450.50
253570 $1,178.90
253570 $875.00
346677 $1,928.33
I have thousands of accounts with multiple amounts having the same ID and I
need to add these amounts and combine them so that there is only one row per
account ID. Please help...




 
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