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Given the Following Transactions,what Is the Ending Balance in the Cash

Question 120

Multiple Choice

Given the following transactions,what is the ending balance in the Cash account? 1.The owner started the company by investing $6,000 cash.
2) The company paid $1,200 for 6 months' rent in advance.
3) The company acquired $2,400 in merchandise inventory with one-half of the purchase on account.
4) The company sold merchandise inventory costing $1,500 for $3,100 on account.


A) $3,600 debit balance
B) $3,600 credit balance
C) $5,100 credit balance
D) $4,800 debit balance
E) $4,800 credit balance

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