Question
The following normal account balances were found on the general ledger before closing entries were prepared: Revenue $800 Cash $600 Expenses $410 Accounts Receivable $430
The following normal account balances were found on the general ledger before closing entries were prepared:
| Revenue | $800 | Cash | $600 | |
| Expenses | $410 | Accounts Receivable | $430 | |
| Capital | $7,200 | Withdrawals | $1,300 |
After closing entries are posted, what is the balance in the Cash account?
A.$200
B.$0
C.$600
D.$800
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Computerized Accounting With Quickbooks 2018
Authors: James B. Rosa, Kathleen Villani
1st Edition
0763882674, 9780763882679
