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

question 145

Multiple Choice

In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $500. The cash account has a(n)

• A) $500 credit balance.
• B) $800 debit balance.
• C) $400 debit balance.
• D) $400 credit balance.

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Definitions:

Narcotic

A class of drugs that reduce pain, alter mood and behavior, and usually induce sleep or stupor; often leading to dependence.

Hallucinogen

A substance that induces alterations in perception, mood, consciousness, and thought, typically producing hallucinations.

Withdrawal Symptoms

Physical or psychological symptoms that occur after stopping or reducing intake of a substance.

Tranquilizers

Medications used to reduce tension or anxiety by depressing the central nervous system.