Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Pioneers Of A Profession Chartered Accountants To 1879

Authors: Jas. C. Stewart

1st Edition

0367532557, 9780367532550

More Books

Students also viewed these Accounting questions