Answer:
a. $2400 debit balance.
Explanation:
Cash is an asset (a resources owned/controlled by an entity as a result of a past event, for which future benefits will be enjoyed by the company). As such, like other assets, cash normally has a debit balance.
The debits to cash represents the inflow of cash while the credit entries represents the outflows from the cash account.
Account balance = $5600 - $3200
= $2400
The debits are more than the credit hence net balance is a debit.
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Where will the proceeds from E's life insurance policy be directed to? The proceeds will be directed to F because he was the primary beneficiary at the time of E's death. When a life insurance policy is set up, you are able to name one or more people who are able to receive benefits from the policy, because the scenario above does not state anyone else was on the policy we have to assume it was just F. Therefor, F would receive full benefits from the policy.
Answer:
Explanation:
Distributive law of multiplication
