Emmaallardice5620 Emmaallardice5620

02-01-2024
Business

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Supplies transferred from the Stores and Services Fund amounted to $58,000. Cash in the amount of $50,000 was paid to the Stores and Services Fund for supplies. What is the net effect on cash for this transaction?
A. -$58,000
B. -$50,000
C. -$8,000
D. $8,000

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