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The Following Normal Account Balances Were Found on the General

Question 53

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)  $200 D)  $600 After closing entries are posted, what is the balance in the Cash account?


A) $800
B) $0
C) $200
D) $600

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