Ace,Inc.had the following transactions during June:
Performed services for $4,000 on account;received cash on account,$8,000;paid $900 for repair expense;paid $1,800 to a supplier that it owed from the previous month.What is the combined effect on Cash of the June transactions?
A)$5,300 increase
B)$5,300 decrease
C)$8,000 increase
D)$2,700 decrease

Question

Quizplus · Accepted Answer

A)Cash = $8,000 - $900 - $1,800 = $5,300 increase

Ace,Inc.had the Following Transactions During June