In the first month of operations, the total of the debit entries to the Cash account amounted to $3,000 and the total of the credit entries to the Cash account amounted to $1,800. The Cash account has a
A)$1,800 credit balance.
B)$3,000 debit balance.
C)$1,200 debit balance.
D)$1,800 credit balance

Question

Quizplus · Accepted Answer

The Cash account balance is calculated by subtracting the total credits from the total debits: $3,000 (debits) - $1,800 (credits) = $1,200 debit balance.

In the First Month of Operations, the Total of the Debit