ABC Delivery Service Had the Following Transactions in June: Earned

question 22

Multiple Choice

ABC Delivery Service had the following transactions in June: Earned $4,000 cash for services rendered; collected $2,500 from a customer "on account;" paid out $200 cash for plumbing services; received $3,500 of supplies and promised to pay one month later; paid out $1,000 in cash drawings to the owner.
-What is the combined effect on Cash of the June transactions?

• A) Up $1,800
• B) Down $300
• C) Down $6,300
• D) Up $5,300

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Definitions:

Sexual Abuse

Inappropriate or coercive sexual behavior towards another individual without consent, often resulting in significant harm and trauma.

Interference

A cognitive process that impedes the ability to learn or remember information because of previously learned material or future learning.

Study Times

Periods allocated for learning or acquiring knowledge on specific subjects or skills.

Spanish

A Romance language originating from the Iberian Peninsula of Europe, widely spoken in Spain, Latin America, and parts of the United States.