During February 2011, its first month of operations, the owner of Alona Enterprises invested cash of $50,000.Alona had cash revenues of $8,000 and paid expenses of $14,000.Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?

Question

Quizplus · Accepted Answer

The cash balance at February 28 is $44,000 debit. This is calculated by adding the beginning cash balance of $50,000 to the cash revenues of $8,000 and subtracting the cash expenses of $14,000.

During February 2011, Its First Month of Operations, the Owner