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On June 30, the Cash Account of Lutness Company Had

Question 43

Multiple Choice

On June 30, the Cash account of Lutness Company had a normal balance of $4,300.During July the account was debited for a total of $3,400 and credited for a total of$3,600. What was the balance in the Cash account on August 1?


A) $3,400 debit.
B) $3,400 credit.
C) $4,100 credit.
D) $-0.
E) $4,100 debit.

Correct Answer:

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