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

question 71

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

• A) $500 credit balance.
• B) $900 debit balance.
• C) $400 debit balance.
• D) $400 credit balance.

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