On June 1, 2022, England Inc.reported a cash balance of $42,000.During June, England made deposits of $16,000 and made disbursements totaling $48,000.What is the cash balance at the end of June?
A) $10,000 credit balance
B) $58,000 debit balance
C) $10,000 debit balance
D) $6,000 credit balance
Correct Answer:
Verified
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