At the beginning of the month, the balance of the Cash account was $5,000. During the month, the company purchased two units of inventory at a cost of $1,000 each and paid in cash. It subsequently sold one unit for $2,400 and received cash from the customer. Assuming no other transactions, what is the balance of the Cash account at the end of the month?
12. Question 12 At the beginning of the month, the balance of the Cash account was $5,000. During the month, the company purchased two units of inventory at a cost…
