Question
Changes in individual accounts Cash account: Suppose that the Cash account for Crentist Dentistry has a beginning balance of $8,091 on December 1 st ,
Changes in individual accounts Cash account: Suppose that the Cash account for Crentist Dentistry has a beginning balance of $8,091 on December 1st, 2020. On December 5th, 2020, Crentist Dentistry purchased medical supplies from a supplier for $1,255 in cash. On December 17th, 2020, Crentist Dentistry provided $3,620 worth of services to customers, all of whom paid cash. On December 28th, Crentist Dentistry obtained a loan from the local bank by signing a note for $5,000. On December 29th, Crentist Dentistry paid $2,350 in cash for December 2020 rent. Assuming there were no other transactions during the month, what will be the ending balance of the Crentist Dentistrys Cash account as of December 31st, 2020?
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