Multiple Choice
In the first month of operations, the total of the debit entries to the cash account amounted to $1,900 and the total of the credit entries to the cash account amounted to $1,500. Therefore, at the end of the month, the cash account has a
A) $500 credit balance.
B) $900 debit balance.
C) $400 debit balance.
D) $400 credit balance.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: A T account is<br>A) a way of
Q56: Evidence that would not help with determining
Q60: Which account below is not a subdivision
Q61: Which of the following items has no
Q62: The purchase of an asset for cash<br>A)
Q63: The right side of an account is<br>A)
Q72: Entering transactions into the journal is called
Q78: Revenues are a subdivision of shareholders' equity.
Q110: In its simplest form, a T account
Q145: A debit increases an account and a