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Diamond, Inc. had the following transactions during June: Performed services for $ 4,000 on the account; received cash on account, $ 4,000; paid $ 800

Diamond, Inc. had the following transactions during June:

Performed services for $ 4,000 on the account;

received cash on account, $ 4,000;

paid $ 800 for repair expenses;

paid $1,500 to a supplier that is owed from the previous month.

What is the combined effect on the Cash of these Junetransactions?

A. $4,000 increase

B. $2,300 decrease

C. $1,700 decrease

D. $1,700 increase

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