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Ace,Inc.had the Following Transactions During June

Question 31

Multiple Choice

Ace,Inc.had the following transactions during June:
Performed services for $4,000 on account;received cash on account,$8,000;paid $900 for repair expense;paid $1,800 to a supplier that it owed from the previous month.What is the combined effect on Cash of the June transactions?


A) $5,300 increase
B) $5,300 decrease
C) $8,000 increase
D) $2,700 decrease

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