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1. During the month of September, Carmen Enterprises received $250,000 in cash investments, paid $75,000 in supplies, and purchased $30,000 of supplies on account. What
1. During the month of September, Carmen Enterprises received $250,000 in cash investments, paid $75,000 in supplies, and purchased $30,000 of supplies on account. What is the ending balance in the cash account for the month of July? A. 175,000 Debit B. 145,000 Credit C. 145,000 Debit D. 175,000 Credit 2. During the month of September, Carmen Enterprises received $250,000 in cash investments, paid $75,000 in supplies, and purchased $30,000 of supplies on account. What is the ending balance in the accounts payable account for the month of July? A. 250,000 Debit B. 75,000 Credit C. 30,000 Credit D. 175,000 Debit 3. An accounts receivable account had a beginning balance of $375,000, cash received on account was $550,000, and sales on account were $200,000. What is the ending accounts receivable balance? A. 45,000 Credit B. 25,000 Debit C. 65,000 Credit D. 20,000 Debit
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