1- In the first month of operations, the total of the debit entries to the cash account amounted to $1210 and the total of the credit entries to the cash account amounted to $870. The cash account has a(n)

A- $340 debit balance. B-$870 credit balance. C- $1210 debit balance. D- $340 credit balance.

2- At January 1, 2016, Crane Industries reported owner's capital of $148000. During 2016, Crane had a net loss of $29000 and owner drawings of $14000. At December 31, 2016, the amount of owner's capital is