Question and answer
In the first month of operations, the total of the debit entries to the cash account amounted to $1,400 and the total of the credit entries to the cash account amounted to $600. The cash account has
a A. $600 credit balance B. $1,400 debit balance C. $800 debit balance D. $800 credit balance
C. $800 debit balance. $1,400 debit entries - $600 credit entries = $800 debit balance.
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User: In the first month of operations, the total of the debit entries to the cash account amounted to $1,400 and the total of the credit entries to the cash account amounted to $600. The cash account has a A. $600 credit balance B. $1,400 debit balance C. $800 debit balance D. $800 credit balance





Weegy: C. $800 debit balance. $1,400 debit entries - $600 credit entries = $800 debit balance.
Expert answered|migzptz|Points 5228|

User: Which ledger contains control accounts? A. Accounts receivable subsidiary ledger B. General ledger C. Accounts payable subsidiary ledger D. General revenue and expense ledger

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Asked 2/28/2012 12:00:39 PM
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Questions asked by the same visitor
Under the cash basis of accounting, A. revenue is recognized when services are performed B. expenses are matched with the revenue that is produced C. cash must be received before revenue is recognized D. a promise to pay is sufficient to recognize revenue
Weegy: B. expenses are matched with the revenue that is produced (More)
Question
Expert Answered
Updated 2/28/2012 1:43:17 PM
1 Answer/Comment
Under the cash basis of accounting: C. cash must be received before revenue is recognized.
Added 2/28/2012 1:43:17 PM
This answer has been added to the Weegy Knowledgebase
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