The Cash account has a $15,000 debit balance.A $5,000 credit entry and a $7,000 debit entry are posted to the account.The final balance of the Cash account is

Name: The Cash account has a $15,000 debit balance.A $5,000 credit entry and a $7,000 debit entry are posted to the account.The final balance of the Cash account is
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Question

Quizplus · Accepted Answer

Starting balance = $15,000 debit
Credit entry = -$5,000
Debit entry = +$7,000
Final balance = ($15,000 - $5,000 + $7,000) = $17,000 debit. Therefore, the correct answer is D.

The Cash Account Has a $15,000 Debit Balance