16) The account "Cash" began with a zero balance and then had the following changes: increase of $250, decrease of $75, increase of $113 and a decrease of $35. The final balance is a: A) debit balance of $363. B) credit balance of $253.
16) The account "Cash" began with a zero balance and then had the following changes: increase of $250, decrease of $75, increase of $113 and a decrease of $35. The final balance is a: A) debit balance of $363. B) credit balance of $253.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:16) The account "Cash" began with a zero balance and then had the following changes: increase of $250, decrease
of $75, increase of $113 and a decrease of $35. The final balance is a:
A) debit balance of $363.
B) credit balance of $253.
C) debit balance of $253.
D) credit balance of $110.
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