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

question 127

Multiple Choice

In the first month of operations, the total of the debit entries to the Cash account amounted to $7,000 and the total of the credit entries to the Cash account amounted to $4,000.At the end of the month, the Cash account has a

• A)$4,000 credit balance.
• B)$7,000 debit balance.
• C)$3,000 debit balance.
• D)$3,000 credit balance.

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