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

question 29

Multiple Choice

In the first month of operations, the total of the debit entries to the cash account amounted to $1,200 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) $1,200 debit balance.
• C) $400 debit balance.
• D) $400 credit balance.

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