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Performed services for $3,000 on account; received cash on account, $8,000; paid $900 for repair expense; paid $1,600 to a supplier that it owed from
Performed services for $3,000 on account; received cash on account, $8,000; paid $900 for repair expense; paid $1,600 to a supplier that it owed from the previous month. What is the combined effect on cash of these June transactions? $5,500 increase $5,500 decrease $8,000 increase $2,500 decrease
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