wonderpup
Sep 15, 2008, 08:24 AM
I wanted to double check my answer for a homework question:
On September 30, the Cash account of Value Company had a normal balance of $5,000.00. 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 beginnin of September?
A. a $0 balance
B. A $4,300 debit balance
C. A $4,300 credit balance
D. A $5,700 debit balance
E. A $5,700 credit balance
I came up with D. a $5,700 debit balance
thanks
On September 30, the Cash account of Value Company had a normal balance of $5,000.00. 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 beginnin of September?
A. a $0 balance
B. A $4,300 debit balance
C. A $4,300 credit balance
D. A $5,700 debit balance
E. A $5,700 credit balance
I came up with D. a $5,700 debit balance
thanks