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During Feb 2010, its first month of operations, the owner of Schwenn Enterprise invested cash of $25,000. Schwenn had cash sales of $4,000 and paid
During Feb 2010, its first month of operations, the owner of Schwenn Enterprise invested cash of $25,000. Schwenn had cash sales of $4,000 and paid expenses of $7,000. Assuming no other transactions impacted the cash account, what is the balance in cash at Feb 28? a. 3,000 credit b. 22,000 debit c. 29,000 debit d. 18,000 credit
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