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in the first month of operations for Gallowsbird industries, the total of the debit entries to the cash account amounted to $9,000(4,000 investment by the
in the first month of operations for Gallowsbird industries, the total of the debit entries to the cash account amounted to $9,000(4,000 investment by the owner and revenues of $5,000). the total of the credit entries to the cash account amounted to $5,500(purshase of equipment $2,000 and payment of expenses $3,500). at the end of the month, the cash account has:
A)$1500, credit balance.
B)$1500 debit balance
C)$3,500 debit balance.
D)$3, 500 credit balance.
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