Multiple Choice
The Cash T-account of Rainbow, Inc. has a beginning balance of $52,000. During the year, $244,000 was debited and $241,000 was credited to the account. What is the ending balance of cash?
A) $55,000
B) $37,000
C) ($ 5,000)
D) Cannot be determined from the information given
Correct Answer:
Verified
Correct Answer:
Verified
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