At the end of the past month the cash account of a company had an ending balance of $6750. 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? Use the formula: Beginning Cash Balance + Debits – Credits = Ending Cash Balance
The cash account of a company had an ending balance of $6750. During the last month, the account was debited for a total of $11,350 and credited for a total of $10,500.