Multiple Choice
During February 2018 its first month of operations, the stockholders of Ariel Pink Enterprises invested cash of $50,000. Ariel had cash revenues of $10,000 and paid expenses of $14,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?
A) $4,000 credit
B) $4,000 debit
C) $46,000 debit
D) $54,000 debit
Correct Answer:

Verified
Correct Answer:
Verified
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