Question

Current Attempt in Progress In the first month of operations for Bramble Industries, the total of the debit entries to the cas account amounted to $35300 ($15800 investment by stockholders and revenues of $19500). The total of the credit entries to the cash account amounted to $21900 (purchase of equipment $8400 and payment of expenses $13100). At the end of the month, the cash account has a(n) $13400 debit balance. $13400 credit balance. $6100 debit balance. $6100 credit balance. Save for Later Attempts: 0 of 1 used Submit Answer esc F3 # 3 $ 4 % 5 2 6

Answer 1

Solution:

Answer : Option with " $13,400 Debit balance" is the correct Option"

Explaination:

Balance in Cash account = Debit Balance in Cash - Credit Balance in Cash

= $35,300 (Debit) - $21,900 (Credit)

=$13,400 (Debit)

As debit are more than credit , therefore the account will have Debit balance. Therefore correct Option is $13,400 (Debit)