If cash account has credit postings of $6,000; debit postings of $11,000; and an
ID: 2481499 • Letter: I
Question
If cash account has credit postings of $6,000; debit postings of $11,000; and an ending normal balance of $28,000, which of the following was its beginning balance? $34,000 $23,000 $28,000 $33,000 Which of the following types of accounts have a normal credit balance? assets and liabilities liabilities and expenses revenues and liabilities Common stock and dividends Which of the following groups of accounts have a normal debit balance? revenues, liabilities assets, liabilities liabilities, expenses assets, expenses In which of the following types of accounts are in increases recorded by debits? Assets,liabilities dividends, liabilities expenses, liabilities assets, expenses In which of the following types of accounts are increases recorded by credits? revenues, liabilities dividends, assets liabilities, dividends expenses, liabilities Which of the following entries records the cash sale of capital stock to stockholders? debit Capital Stock; credit Cash debit Cash; credit Capital Stock debit Cash; credit Revenue debit Revenue; credit Cash Which of the following entries records the acquisition (purchase) of office supplies on account? Office Supplies, debit; Cash, credit Cash, debit; Office Supplies, credit Office Supplies, debit; Accounts Payable, credit Accounts Receivable, debit; Office Supplies, credit Which of the following entries records the payment of rent for the current month? Cash, debit; Rent Expense, credit Rent Expense, debit; Cash, credit Rent Expense, debit; Accounts Receivable, credit Accounts Payable, debit; Rent Expense, creditExplanation / Answer
7 answer is b 23000
cash account always shows debit balance
credit posting + ending balance - debit posting = begining balance
6000+28000-11000=23000
8 c is the answer
revenues and liabilities
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