During February 2021 its first month of operations, the stockholders of Vaughn Enterprises invested cash of $50300. Vaughn had cash revenues of $9200 and paid expenses of $15700. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28? $6500 credit Ⓒ $43800 debit Ⓒ $6500 debit Ⓒ $56800 debit

During February 2021 its first month of operations, the stockholders of Vaughn Enterprises invested cash of $50300. Vaughn had cash revenues of $9200 and paid expenses of $15700. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28? $6500 credit Ⓒ $43800 debit Ⓒ $6500 debit Ⓒ $56800 debit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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