Multiple Choice
At September 1, 2014, Kern Enterprises reported a cash balance of $70,000. During the month, Kern collected cash of $30,000 and made disbursements of $50,000. At September 30, 2014, the cash balance is
A) $20,000 credit.
B) $50,000 credit.
C) $100,000 debit.
D) $50,000 debit.
Correct Answer:
Verified
Correct Answer:
Verified
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