Homework Answers
Part 1) Option C----$2220
Cash Balance =Total Debit - Total Credit
Cash Balance =5180 -2960 =$2220 debit
Part 2)Option D-----$192000 decrease
Accounting Equation
Assets =Liabilities + Equity
Assets =(-141000 )+(-51000)
Assets = -192000 decrease
Part 3)Option A-----$46500 increase
Assets = Liabilities + Equity
Assets =(+83000) + (-36500)
Assets =+46500
Part 4)Option D----$450 debit balance
Opening debit balance of cash 450
Add- Debit entries 1350
Less- Credit entries 1350
Ending cash balance $450 debit
Part 5)Option D----$3500 debit balance
Opening debit balance of cash 2100
Add---- Debit entries 3400
Less-----Credit entries 2000
Ending balance of cash 3500 debit
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