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Question(s) / Instruction(s):

During February 2010, its first month of operations, the owner of Schwenn Enterprises invested cash of $25,000.  Schwenn had cash sales of $4,000 and paid expenses of $7,000.  Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?

A.            $3,000 credit

B.            $22,000 debit

C.            $29,000 debit

D.            $18,000 credit

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