On June 1, 2010, Alma Inc. reported a cash balance of $12,000. During June, Alma made deposits of $3,000 and made disbursements totalling $16,000. What is the cash balance at the end of June?
A) $1,000 debit balance
B) $15,000 debit balance
C) $1,000 credit balance
D) $4,000 credit balance
Correct Answer:
Verified
Q64: In the first month of operations for
Q65: During February 2010, its first month of
Q66: At January 31, 2010, the balance in
Q67: Omega Company pays its employees twice a
Q68: When an owner makes a withdrawal
A) it
Q71: In the first month of operations, the
Q72: Which of the following statements is not
Q73: An awareness of the normal balances of
Q74: Ayala Company showed the following balances at
Q78: Which of the following statements is true?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents