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What crane cash account has a

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Problem 1: At May 1, Crane Inc. reported at Cash account balance of $1400. During the month, the total of the debit entries to the Cash account amounted to $2500 and the total of the credit entries to the Cash account amounted to $2300. At the end of May, Crane' Cash account has a

Option 1: $1600 debit balance.

Option 2: $2300 debit balance.

Option 3: $3900 debit balance.

Option 4: $2300 credit balance.

Reference no: EM132647706

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