Question

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 was 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

Answer 1

x-11350+10500=6750

- 10500 -10500

x-11350= -3750

+11350 +11350

x=7600

Explanation:

Answer 2

In this question it is given that:

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.

And we have to use the formula

`Beginning \ Cash \ Balance + \ Debits - \ Credits \ = \ Ending \ Cash \ Balance`

Substituting the values , we will get

`Beginning \ Cash \ Balance + 11350 - 10500 = 6750`

Therefore beginning cash balance is

`= 6750+10500-11350=$ 5900`