The account \"Cash\" began with a zero balance and then had the following change

Question

The account "Cash" began with a zero balance and then had the following changes: increase of $250, decrease of $75, increase of $113 and a decrease of $35. The final balance is a: debit balance of $363. credit balance of $253. debit balance of $253. credit balance of $110. The account "Notes Payable" began with a zero balance and then had the following changes: increase of $500, increase of $200, decrease of $550, and an increase of $250. The final balance is a: credit balance of $400. debit balance of $950. credit balance of S550. debit balance of $400. Salaries of $675 were paid in cash. The journal entry would include a: debit to Accounts Payable and a credit to Salary Expense. credit to Salaries Expense and a debit to Case. debit to Salaries Expense and a credit to Case. debit to Accounts Payable and a credit to Case. Intercom, In paid one of its creditors $678 on their balance due. The journal entry would require a: credit to Cash and a debit to Accounts Receivable. debit to Cash and a credit to Accounts Receivable. debit to Cash and a credit to Accounts Payable. debit to Accounts Payable and credit to Cash.

Explanation / Answer

16)= 0 + 250 - 75 + 113 - 35 = $253 ........Option-C:-Debit balance of $253

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17)= 0 + 500 + 200 - 550 + 250 = $400 ........OPtion-A:-Credit balance of $400

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18)Option-C:- Debit Salaries Exp and Credit Cash

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19)Option-D:- Debit to ACcounts Payable and Credit Cash

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