Question

a balance haa $5000 in cash ? but then it pays $500 cash to make a purchase adter tvis transaction is posted what is the balance in the cash t-accounta. $500 credit balanceb.$500 debit balancec $4500 credit balanced. $ 4500 debit balance

Answer 1

Initial balance is $5,000

Final balance is $5,000-$500=$4,500

therefore

answer is the option C