Question
On January 1, the cash account had a normal balance of $13,000. During the month, the three journal entries were recorded that concerned cash. Jan.
On January 1, the cash account had a normal balance of $13,000. During the month, the three journal entries were recorded that concerned cash.
Jan. 5 Cash ................................................................................................ 4,000 Service revenue........................................................................................... 4,000
Jan. 7 Rent expense ............................................................................... 2,500 Cash .................................................................................................................. 2,500
Jan. 10 Cash ............................................................................................... 1,200 Unearned revenue........................................................................................ 1,200
What is the cash account balance after these entries are posted?
Select one:
a.
$18,200 credit
b.
$20,700 credit
c.
$15,700 debit
d.
$34,000 debit
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