In the first month of operations the total of the debit entries to the cash account amounted to $1400 and the total of the credit entries to the cash account amounted to $800. The cash account has a(n)
A) $800 credit balance.
B) $1400 debit balance.
C) $600 debit balance.
D) $600 credit balance.

Question

Quizplus · Accepted Answer

The cash account has a debit balance of $1400 - $800 = $600. Therefore, the correct answer is C, $600 debit balance.

In the First Month of Operations the Total of the Debit