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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Definitions:

Memory Loss

The inability to recall past events, information, or experiences, which can be temporary or permanent, and is often considered a symptom of various neurological or psychological conditions.

Alcohol Dependence

A health disorder defined by the diminished capacity to cease or regulate consumption of alcohol, notwithstanding negative impacts on social interactions, work, or physical well-being.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.