Ace,IncHad the Following Transactions During June: Performed Services for $5,000

question 36

Multiple Choice

Ace,Inc.had the following transactions during June: Performed services for $5,000 on account; received cash on account,$7,000; paid $600 for repair expense; paid $2,000 to a supplier that it owed from the previous month.What is the combined effect on Cash of the June transactions?

• A)$4,400 increase
• B)$4,400 decrease
• C)$7,000 increase
• D)$2,600 decrease

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Definitions:

Polygenic Traits

Characteristics or traits that are influenced by multiple genes rather than a single gene, contributing to the phenotype's complexity.

Genes

Biological units of heredity located in our cells that dictate physical and some behavioral traits.

Reduction Division

Reduction division is another term for meiosis, a process in which a parent cell divides into four cells with half the chromosome number of the original cell, crucial for sexual reproduction.

Meiosis

A process of cell division that results in four daughter cells each with half the number of chromosomes of the parent cell, essential for sexual reproduction.