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The receipt of cash in advance from customer o increases assets and none of thesewer che correct Question 20 In the first month of operations,

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The receipt of cash in advance from customer o increases assets and none of thesewer che correct Question 20 In the first month of operations, the total of the debit entries to the Cash account amounted to $7.000 and the total of the credit entries to the Cash account amounted to $4,000. The Cash account has a $3,000 debit balance $7.000 debit balance. $3,000 credit balance $4,000 credit balance. Question 21 3.25 pts 30 FA

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