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Diamond, Inc. had the following transactions during June: Performed services for $2,000 on account; received cash on account, $7,000; paid $600 for repair expense; paid
Diamond, Inc. had the following transactions during June: Performed services for $2,000 on account; received cash on account, $7,000; paid $600 for repair expense; paid $1,700 to a supplier that it owed from the previous month. What is the combined effect on Cash of these June transactions? A. $2,300 decrease B. $4,700 increase C. $4,700 decrease D. $7,000 increase Diamond, Inc. had the following transactions during June: Performed services for $2,000 on account; received cash on account, $7,000; paid $600 for repair expense; paid $1,700 to a supplier that it owed from the previous month. What is the combined effect on Cash of these June transactions? A. $2,300 decrease B. $4,700 increase C. $4,700 decrease D. $7,000 increase
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