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In the first month of operations for Wadi Industries, the total of the debit entries to the cash account amounted to OMR 18,000 (OMR 10,000
In the first month of operations for Wadi Industries, the total of the debit entries to the cash account amounted to OMR 18,000 (OMR 10,000 investment by the owners and revenues of OMR 8,000). The total of the credit entries to the cash account amounted to OMR 10,000 (purchase of equipment OMR 4,000 and payment of expenses OMR 6,000). At the end of the month, the cash account has a(n) a. OMR 6,000 credit balance. O b. OMR 6,000 debit balance. C. O d. OMR 8,000 debit balance. e. OMR 8,000 credit balance
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