In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $500. The cash account has a(n)
A) $500 credit balance.
B) $800 debit balance.
C) $400 debit balance.
D) $400 credit balance.

Question

Quizplus · Accepted Answer

The total debit entries of $900 exceed the total credit entries of $500, resulting in a net balance of $400 overdrawn or a debit balance.

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