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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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6 years ago
The following normal account balances were found on the general ledger before closing entries were prepared:

Revenue $800   Cash $500
Expenses $400   Accounts Receivable $350
Capital $7,500   Withdrawals $1,000

After closing entries are posted, what is the balance in the Cash account?
A) $0
B) $300
C) $800
D) $500.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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Fast2F Author
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#2
6 years ago
Correcttttt
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