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On January 1, the cash account had a normal balance of $13,000. During the month, the three journal entries were recorded that concerned cash.
Jan. 5 Cash ................................................................................................ 4,000 Service revenue........................................................................................... 4,000Jan. 7 Rent expense ............................................................................... 2,500 Cash .................................................................................................................. 2,500Jan. 10 Cash ............................................................................................... 1,200 Unearned revenue........................................................................................ 1,200
Problem 1: What is the cash account balance after these entries are posted?
Select one:a. $15,700 debitb. $18,200 creditc. $34,000 debitd. $20,700 credit
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