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

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