Question
During February 2020 its first month of operations, the owner of Marigold Co. invested cash of $49200. Marigold had cash revenues of $9200 and paid
During February 2020 its first month of operations, the owner of Marigold Co. invested cash of $49200. Marigold had cash revenues of $9200 and paid expenses of $13900. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 29?
| a | $4700 debit |
| b | $53900 debit |
| c | $44500 debit |
| d | $4700 credit |
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Integrated Audit Practice Case
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
5th Edition
0912503351, 9780912503356
