In the first month of operations, the total of the debit entries to the Cash account amounted to $7,000 and the total of the credit entries to the Cash account amounted to $4,000.At the end of the month, the Cash account has a
A)$4,000 credit balance.
B)$7,000 debit balance.
C)$3,000 debit balance.
D)$3,000 credit balance.

Question

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The Cash account is an asset account, which normally has a debit balance. The total debit entries ($7,000) minus the total credit entries ($4,000) result in a $3,000 debit balance.

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