In the first month of operations for Widget Industries, the total of the debit entries to the cash account amounted to ₤9,000 (₤5,000 investment by the owners and revenues of ₤4,000). The total of the credit entries to the cash account amounted to ₤5,000 (purchase of equipment ₤2,000 and payment of expenses ₤3,000). At the end of the month, the cash account has a(n)
A) ₤3,000 credit balance.
B) ₤3,000 debit balance.
C) ₤4,000 debit balance.
D) ₤4,000 credit balance.

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The Answer of In the first month of operations for Widget Industries, the total of the debit entries to the cash account amounted to ₤9,000 (₤5,000 investment by the owners and revenues of ₤4,000). The total of the credit entries to the cash account amounted to ₤5,000 (purchase of equipment ₤2,000 and payment of expenses ₤3,000). At the end of the month, the cash account has a(n)
A) ₤3,000 credit balance.
B) ₤3,000 debit balance.
C) ₤4,000 debit balance.
D) ₤4,000 credit balance.

In the First Month of Operations for Widget Industries, the Total