1.A group of accounts for a business entity is called a

a. chart of accounts.

b. transaction.

c. T account.

d. ledger.

2.The chart of accounts is a

a. group of accounts for a business.

b. list of all the accounts with their balances.

c. list of the accounts in the ledger.

d. list of all income and expense accounts.

3.Using the following information, determine the balance of the cash account. The left side of the T account sums to $34,500, and the right side of the T account sums to $19,450.

a. $15,050

b. $53,950

c. $19,450

d. $34,500