1.On June 30, the Cash account of Lutness Company had a normal balance of $4,300. During July the account was debited for a total of $3,400 and credited for a total of $3,600. What was the balance in the Cash account on August 1? Select one: a. $3,400 credit. b. $4,100 debit. c. $4,100 credit. d. $3,400 debit.

2.Any expenditures for legal fees, surveying, and accrued property taxes should not be included in the cost of land. Select one: True False