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Accounting

In the first month of operations, the total of the debit entries to the cash account amounted to $700 and the total of the credit entries to the cash account amounted to $300. The cash account has a _________

a) $400 credit balance.

b) $700 debit balance.

c) $400 debit balance.

d) $300 credit balance.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9402483

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