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Omar Zuher started a company by investing $8,000 in cash. The company paid $2,000 in advance for rent covering the next six months. It acquired
Omar Zuher started a company by investing $8,000 in cash. The company paid $2,000 in advance for rent covering the next six months. It acquired inventory for $3,300, charging two-thirds of the purchase on account. It sold inventory costing $1,400 for $2,900 on account. What is the balance in the cash amount, after all these transactions? O a $1,600 debit O b. $4,900 credit O c. $2,700 debit Od. $4,900 debit O e. $7,800 debit
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