Question
On May 31, the Cash account of Bottle's R US had a normal balance of $5,000. During May, the Cash account was debited for a
On May 31, the Cash account of Bottle's R US had a normal balance of $5,000. During May, the Cash account was debited for a total of $12,200 and credited for a total of $11,500. What was the balance in the Cash account at the beginning of May? \ A $0 balance. \ A $5,700 debit balance. \ Beginning Cash Balance + Debits Credits = Ending Cash Balance\ Beginning Cash Balance + $12,200 $11,500 = $5,000\ Beginning Cash Balance + $700 = $5,000; Beginning Balance = $4,300 debit balance\ \ \ Cash\ 4,300 \ 12,200 11,500 \ 5,000 \ A $5,700 credit balance. \ A $4,300 debit balance. \ A $4,300 credit balance.
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