Question

t 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?

Answer 1

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

Substituting the values , we will get

Therefore beginning cash balance is