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During February 2021, Its First Month of Operations, the Stockholders

Question 140

Multiple Choice

During February 2021, 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

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