MCGRAW-HILL'S TAX.OF INDIV.+...(LL)2020
20th Edition
ISBN: 9781260432374
Author: SPILKER
Publisher: MCG
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Can you help me solve this general accounting problem with the correct methodology?
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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