At September 1, 2010, Kern Enterprises reported a cash balance of $45,000. During the month, Kern collected cash of $15,000 and made disbursements of $25,000. At September 31, 2010, what is the cash balance? A. $25,000 credit B. $35,000 credit C. $60,000 debit D. $35,000 debit
At September 1, 2010, Kern Enterprises reported a cash balance of $45,000. During the month, Kern collected cash of $15,000 and made disbursements of $25,000. At September 31, 2010, what is the cash balance? A. $25,000 credit B. $35,000 credit C. $60,000 debit D. $35,000 debit
Financial Accounting Intro Concepts Meth/Uses
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Chapter8: Revenue Recognition, Receivables, And Advances From Customers
Section: Chapter Questions
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Please give me answer general accounting

Transcribed Image Text:At September 1, 2010, Kern Enterprises reported a cash balance
of $45,000. During the month, Kern collected cash of $15,000
and made disbursements of $25,000. At September 31, 2010,
what is the cash balance?
A. $25,000 credit
B. $35,000 credit
C. $60,000 debit
D. $35,000 debit
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