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

question 144

Multiple Choice

In the first month of operations, the total of the debit entries to the Cash account amounted to $3,000 and the total of the credit entries to the Cash account amounted to $1,800. The Cash account has a

• A)$1,800 credit balance.
• B)$3,000 debit balance.
• C)$1,200 debit balance.
• D)$1,800 credit balance

---

Definitions:

International Business

Commercial transactions that occur across national borders, including trade, investments, and other forms of economic activity.

AIDS Epidemic

A global public health crisis originating in the late 20th century, caused by the spread of the Human Immunodeficiency Virus (HIV) and leading to Acquired Immunodeficiency Syndrome (AIDS).

Economic Growth

A rise in the output of goods and services within an economy over a specified period, usually quantified using Gross Domestic Product (GDP).

North American Free Trade Agreement

A trilateral trade agreement between Canada, Mexico, and the United States designed to reduce trade barriers and increase economic activity among these nations.