Question

On May 31, the Cash account of Teasel had a normal balance of $5,700. During May, the account was debited for a total of $12,900 and credited for a total of $12,200. What was the balance in the Cash account at the beginning of May

Answer 1

Answer:

$6,400

Explanation:

Cash Account

Debit :

Beginning Balance                              $5,700

Receipts                                              $12,900

Totals                                                  $18,600

Credit :

Payments                                           $12,200

Ending Balance (Balancing figure)    $6,400

Totals                                                 $18,600