The Following Normal Account Balances Were Found on the General

question 98

Multiple Choice

The following normal account balances were found on the general ledger before closing entries were prepared: $$\begin{array} { l r l r } \text { Revenue } & \$ 700 & \text { Cash } & \$ 500 \\\text { Expenses } & \$ 400 & \text { Accounts Receivable } & \$ 350 \\\text { Capital } & \$ 7,500 & \text { Withdrawals } & \$ 1,000\end{array}$$
After closing entries are posted, what is the balance in the Cash account?

• A) $800
• B) $0
• C) $300
• D) Closing entries do not affect the Cash account.

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Definitions:

Independent Variable

A variable in an experiment that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Dependent Variable

In an experimental setting, it is the variable being tested and measured, expected to change as a result of manipulations to the independent variable.

Internal Validity

The degree to which an experiment or study accurately measures or tests what it intends to, without the influence of external factors.

Operationalizing

The process of defining a research variable in practical, measurable terms, allowing it to be quantitatively or qualitatively analyzed.