Question

At the end of the past month,the cash account of a company had an ending balance of $6,750.During the last month, the account was debited for a total of $11,350 and credited for a total of $10,500.What was the balance in the cash account at the beginning of last month?

Answer 1

Answer:

The balance in the cash account at the beginning of last month = $5900

Step by step explanation

The cash account of a company had an ending balance of $6,750

Cash  in the beginning of last month = Ending cash balance + credit - debit

= $6750 + $10,500 - $11, 350

= $17250 - $11, 350

= $5900

Therefore, beginning cash balance is $5900

Thank you.