In the First Month of Operations the Total of the Debit

question 37

Multiple Choice

In the first month of operations the total of the debit entries to the cash account amounted to $1400 and the total of the credit entries to the cash account amounted to $800. The cash account has a(n)

• A) $800 credit balance.
• B) $1400 debit balance.
• C) $600 debit balance.
• D) $600 credit balance.

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Definitions:

Colonial Governments

The administrative bodies established by colonial powers to rule over their overseas colonies, often imposed without the consent of the native populations.

New England

A region in the northeastern corner of the USA, consisting of six states: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut, known for its distinct historical roots.

Chesapeake Colonies

English settlements in the Chesapeake Bay region, namely Virginia and Maryland, established in the 17th century, known for their tobacco-based plantation economy.

Religion Influence

The impact of religious beliefs, practices, and institutions on individuals, societies, and cultures, shaping morals, laws, and traditions.