The Cash Account Has a Beginning Balance of $500

question 37

Multiple Choice

The Cash account has a beginning balance of $500. There are three additional debits totalling $1 250. In addition, there are four credits totalling $775. What is the balance in the account?

• A)$ 1 750
• B)$ 2 525
• C)$ 1 275
• D)$ 975

---

Definitions:

Small Reporting Company

A designation by the SEC for smaller public companies that allows them to comply with less stringent financial reporting and disclosure requirements.

Annual Revenues

The total income generated by a business from its operations over a fiscal year before any expenses are subtracted.

Voting Securities

Financial instruments that give the holder the right to vote on matters of corporate policy and the composition of the board of directors.

Non-Affiliates

Entities or individuals that are not directly connected through ownership or control with another entity.