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The Following Normal Account Balances Were Found on the General

Question 98

Multiple Choice

The following normal account balances were found on the general ledger before closing entries were prepared: The following normal account balances were found on the general ledger before closing entries were prepared: After closing entries are posted, what is the balance in the Cash account? A) $800 B) $0 C) $300 D) Closing entries do not affect the Cash account. After closing entries are posted, what is the balance in the Cash account?


A) $800
B) $0
C) $300
D) Closing entries do not affect the Cash account.

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