Ace Inc Had the Following Transactions in June: Sold Goods for for $4,000

Multiple Choice

Ace Inc. had the following transactions in June: Sold goods for $4,000 on account; received cash on account, $5,000; paid $800 for repair expense; paid $2,000 to a supplier that it owed from the previous month. What is the combined effect on Cash of the June transactions?

A) $2,200 increase
B) $2,200 decrease
C) $5,000 increase
D) $2,800 decrease