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

question 136

Multiple Choice

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?

• A)$6,000 credit
• B)$44,000 debit
• C)$58,000 debit
• D)$36,000 credit

---

Definitions:

Statement of Purpose

An essay or written statement by an applicant, often a prospective student, stating their intentions, goals, and reasons for applying to a particular program or institution.

Health Benefits

The positive effects and outcomes on physical and mental health from specific activities, diets, treatments, or lifestyle choices.

Dental Benefits

Health insurance coverage specifically for dental treatments and procedures.

Work Plan

A detailed outline of tasks, timelines, and resources required to complete a project or goal.