Multiple Choice
Forrest Industries has the following information in regard to its Cash account for the month of August.The account had a normal balance of $62,500 on August 1.During August,it had three debit entries totaling $250,000.The balance in the Cash account on August 31 was $112,500.What was the total of the credit entries to the Cash account during the month of August?
A) $50,000
B) $112,500
C) $200,000
D) $300,000
Correct Answer:
Verified
Correct Answer:
Verified
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