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
Correct Answer:

Verified
Correct Answer:
Verified
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