In the first month of operations, the total of the debit entries to the cash account amounted to $1230 and the total of the credit entries to the cash account amounted to $840. The cash account has a(n) O $390 debit balance. O $840 credit balance. O $1230 debit balance. O $390 credit balance.
In the first month of operations, the total of the debit entries to the cash account amounted to $1230 and the total of the credit entries to the cash account amounted to $840. The cash account has a(n) O $390 debit balance. O $840 credit balance. O $1230 debit balance. O $390 credit balance.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The cash account has a ?
Transcribed Image Text:In the first month of operations, the total of the debit entries to the cash account amounted to $1230 and the total of the credit entries
to the cash account amounted to $840. The cash account has a(n)
O $390 debit balance.
$840 credit balance.
O $1230 debit balance.
O $390 credit balance.
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