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Diamond, Inc. had the following transactions during June: Performed services for $ 4,000 on account; received cash on account, $ 4,000; paid $ 800 for
Diamond, Inc. had the following transactions during June:
Performed services for $ 4,000 on account;
received cash on account, $ 4,000;
paid $ 800 for repair expense;
paid $1,500 to a supplier that it owed from the previous month.
What is the combined effect on Cash of these June transactions?
A. $4,000 increase
B. $2,300 decrease
C. $1,700 decrease
D. $1,700 increase
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