Question

On September 30, the Cash account of Value Company had a normal balance of $5,000. During September, the 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 September?a. A $0 balance.
b. A $7,400 credit balance.
c. A $7,400 debit balance.
d. A $6,000 debit balance.
e. A $6,000 credit balance.

Answer 1

Answer:

$5,700 debit balance

Explanation:

The computation of the beginning cash balance at the beginning of September month  is shown below:

= Normal balance of cash account + total  debit balance of cash account - total credit balance of cash account

= $5,000 + $12,200 - $11,500

= $5,700 debit balance

This is the answer but the same is not mentioned in the given options