Question

Cargo Industries began the month with a $10,000 debit balance in the Cash account. During the month, the total of the debit entries to the Cash account amounted to $4,000 and the total of the credit entries to the Cash account amounted to $4,800. The Cash account has aA$800 credit balance.B$10,800 debit balance.C$9,200 debit balance.D$14,800 debit balance.

Answer 1

Answer:

B$10,800 debit balance.

Explanation:

In the given question, first we have to compute the difference of cash account which equals to

= Total debit entries - Total credit entries

= $4,800 - $4,000

= $800 debit

Now add this amount to the beginning balance which equals to

= Beginning amount of cash balance + Difference amount

= $10,000 + $800

= $10,800 debit