At the end of the past month,the cash account of a company had an ending balance of $6,750.During the last month, the account wa
s 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?
1 answer:
Answer:
The balance in the cash account at the beginning of last month = $5900
Step by step explanation
The cash account of a company had an ending balance of $6,750
Cash in the beginning of last month = Ending cash balance + credit - debit
= $6750 + $10,500 - $11, 350
= $17250 - $11, 350
= $5900
Therefore, beginning cash balance is $5900
Thank you.
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