What is the balance in cash at february 28


During February 2008, its first month of operations, the Rutwing Enterprises issued  stock in exchange for cash of $25,000. Rutwing had cash revenues 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?

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Accounting Basics: What is the balance in cash at february 28
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