During February 2022, its first month of operations, the owner of Bramble Corp. invested cash...

60.1K

Verified Solution

Question

Accounting

During February 2022, its first month of operations, the owner of Bramble Corp. invested cash of $98000. Bramble had cash sales of $19600 and paid expenses of $34300. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28, 2022?

image

During February 2022, its first month of operations, the owner of Bramble Corp. invested cash of $98000. Bramble had cash sales of $19600 and paid expenses of $34300. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28, 2022? $117600 debit $83300 debit $63700 credit $14700 credit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students