In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $500. The cash account has a: Group of answer choices $500 credit balance. $900 debit balance. $400 debit balance. $400 credit balance.

A creditor's account in the accounts payable ledger has a balance of $10,660 as of April 1. After a transaction of $12,900 is posted from the purchases journal and a transaction of $9,250 is posted from the cash payments journal, the balance of the creditor's account on April 30 is:

Provide descriptions for this transaction:Debit supplies $1,000 and Credit Account Payable $1,000a. Used supplies.b. Purchased supplies.c. Purchased supplies on credit.d. Counted supplies.e. Transfer supplies into inventory.

A company had a debit bank balance of R50,000 on 1 August 2017. During August, total payments were R640,000 and total receipts were R595,000. Bank charges of R15,000 had not yet appeared on the bank statement. What is the cash book balance at 31 August 2017?Group of answer choicesA. R10,000 balanceB. R5,000 balanceC. R5,000 overdrawnD. R10,000 overdrawn

What is the natural account balance for provisions? A. Debit and Credit B. Credit C. No balance D. Debit

Cash of P10,000 received at the time the service was rendered, journalized and posted as a debit to Cash 10,000 and a credit to Accounts Receivable 10,000.  The correcting entry is:*a. Debit service Revenue 10,000 and credit Accounts Receivable 10,000b. Debit Accounts Receivable 10,000and credit Service Revenue 10,000c. Debit Cash 10,000 and credit Service Revenue 10,000d. Debit Accounts Receivable 10,000 and credit Cash 10,000