Forrest Industries has the following information in regard to its Cash account for the month of August. The account had a normal balance of $62,500 on August 1. During August, it had three debit entries totaling $250,000. The balance in the Cash account on August 31 was $112,500. What was the total of the credit entries to the Cash account during the month of August?

A. $50,000

B. $112,500

C. $200,000

D. $300,000

Answer rating: 100% (QA)

Beginning cash balance 62500 Debit to cash 250000 Ending cash balance 112500 Total ... View the full answer