Diamond, Inc

question 168

Multiple Choice

Diamond, Inc. had the following transactions during June: Performed services for $2,000 on account; received cash on account, $8,000; paid $700 for repair expense; paid $1,800 to a supplier that it owed from the previous month. What is the combined effect on Cash of these June transactions?

• A) $5,500 increase
• B) $5,500 decrease
• C) $8,000 increase
• D) $2,500 decrease

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Definitions:

External Cause Codes

Codes used in medical classification to describe the circumstances or events that cause an injury or health condition.

Volunteer Activity

Volunteer activity encompasses any action or service performed willingly by an individual without financial or material compensation.

Preventive Medicine Codes

Codes used in healthcare billing and documentation to signify procedures and consultations that focus on preventing diseases or identifying them early on to halt their progression.

Z Codes

Codes used in the ICD-10 that represent reasons for encounters with healthcare professionals other than illness or injury, such as to address issues like homelessness or pregnancy.