Multiple Choice
Ace Ltd had the following transactions in June: sold goods for $2000 on account;received cash on account,$4000;paid $600 for repair expense;paid $2000 to a supplier that it owed from the previous month.What is the combined effect on Cash of the June transactions?
A) a $1400 increase
B) a $1400 decrease
C) a $2600 decrease
D) a $4000 increase
Correct Answer:
Verified
Correct Answer:
Verified
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