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On June 1, 2011, Alma Inc

Question 85

Multiple Choice

On June 1, 2011, Alma Inc.reported a cash balance of €12,000.During June, Alma made deposits of €3,000 and made disbursements totalling €17,000.What is the cash balance at the end of June?


A) €2,000 debit balance
B) €15,000 debit balance
C) €2,000 credit balance
D) €5,000 credit balance

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