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.

---

Definitions:

Friendly Competition

A competition where the participants are motivated by enjoyment and improvement rather than winning, often emphasizing goodwill and sportsmanship.

Common Goal

A shared objective or aim among a group of individuals or within an organization.

Implicit Association Test (IAT)

A psychological test designed to reveal underlying prejudices and stereotypes by measuring the speed of associations between concepts.

Unconscious Attitudes

Implicit feelings and beliefs that an individual may not be aware of but which can affect behavior and perceptions.