During February 2010, Its First Month of Operations, the Owner

question 62

Multiple Choice

During February 2010, its first month of operations, the owner of Alona Enterprises invested cash of $25,000. Alona had cash revenues of $4,000 and paid expenses of $7,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?

• A) $3,000 credit
• B) $22,000 debit
• C) $29,000 debit
• D) $18,000 credit

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