Ace,Inc.had the Following Transactions During June

question 31

Multiple Choice

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

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Definitions:

Behavioral Tendencies

Patterns or propensities in individual behavior that are consistent over time and situations.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires, which is crucial for personal development and emotional intelligence.

Recognizing One's Emotions

The ability of an individual to identify and understand their own emotional states.

Capabilities

The skills, knowledge, and resources an organization or individual possesses that enable them to achieve objectives and perform effectively.