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Getsu Inc. is a Japanese firm located in Nagoya. In the first month of operations, the firm had a total of the debit entries to
Getsu Inc. is a Japanese firm located in Nagoya. In the first month of operations, the firm had a total of the debit entries to the cash account amounted to JPY 36,000,000 (JPY 16,000,000 investment by stockholders and revenues of JPY 20,000,000). The firm's total of the credit entries to the cash account amounted to JPY 22,000,000 (purchase of equipment JPY 8,000,000 and payment of expenses JPY 14,000,000). At the end of the month, we shall conclude that the firm's cash account has a(n) Select one: O a. JPY 14,000,000 credit balance. O b.JPY 6,000,000 debit balance. JPY 6,000,000 credit balance. O d. JPY 14,000,000 debit balance
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