MATH SOLVE

7 months ago

Q:
# At the end of the past month the cash account of a company had an ending balance of $6750. 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? Use the formula: Beginning Cash Balance + Debits – Credits = Ending Cash Balance

Accepted Solution

A:

In this question it is given that:The cash account of a company had an ending balance of $6750. During the last month, the account was debited for a total of $11,350 and credited for a total of $10,500. And we have to use the formula[tex] Beginning \ Cash \ Balance + \ Debits - \ Credits \ = \ Ending \ Cash \ Balance [/tex]Substituting the values , we will get[tex] Beginning \ Cash \ Balance + 11350 - 10500 = 6750 [/tex]Therefore beginning cash balance is[tex] = 6750+10500-11350=$ 5900 [/tex]