In the First Month of Operations, the Total of the Debit

question 196

Multiple Choice

In the first month of operations, the total of the debit entries to the Cash account amounted to $2,000 and the total of the credit entries to the Cash account amounted to $1,500. The Cash account has a

• A)$1,500 credit balance.
• B)$500 debit balance.
• C)$2,000 debit balance.
• D)$500 credit balance.

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