The Diamond Store began business on June 1. During the month of June, it had cash payments of $9,000.At the end of June, it had a $14,000 balance in cash. Based on this information, the cash receipts for the month of June:
A) were $5,000.
B) were $16,000.
C) were $23,000.
D) cannot be determined.

Question

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The Answer of The Diamond Store began business on June 1. During the month of June, it had cash payments of $9,000.At the end of June, it had a $14,000 balance in cash. Based on this information, the cash receipts for the month of June:
A) were $5,000.
B) were $16,000.
C) were $23,000.
D) cannot be determined.

The Diamond Store Began Business on June 1