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The Cash account balance of Sheridan Company at July 1 is $420. The total of the debit entries to the Cash account amounted to $1260

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The Cash account balance of Sheridan Company at July 1 is $420. The total of the debit entries to the Cash account amounted to $1260 and the total of the credit entries to the Cash account amounted to $1260 during July. At the end of the month, the Cash account has a O $420 debit balance O $1680 debit balance. O $1260 credit balance. O $420 credit balance. An accountant has debited an asset account for $780 and credited a liability account for $390. What can be done to complete the recording of the transaction? O Nothing further must be done. O Debit a stockholders' equity account for $390. Credit a different asset account for $390. Debit another asset account for $390

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