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

question 111

Multiple Choice

In the first month of operations, the total of the debit entries to the cash account amounted to $700 and the total of the credit entries to the cash account amounted to $500. The cash account has a

• A) $500 credit balance.
• B) $700 debit balance.
• C) $200 debit balance.
• D) $200 credit balance.

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