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| Ranjit Singh started a business on 1 November. On that date, he opened a bank account for the business by paying in $4,000. During November, the following transactions took place: Purchased goods on credit $1,500 Bankings re cash sales $650 Drawings $800 Payments to suppliers $750 What is the balance on the bank account at the end of the month? A $3,100 debit B $3,100 credit C $1,600 debit D $1,600 credit |