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7 April, 20:09

your cash T-account has a debit of $1,200. The following entries are made to cash T-account: debit $345, debit $43, credit $123. What is the new balance?

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  1. 7 April, 20:14
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    starting with a balance of $1200,

    debit - 345: 1200 - 345 = 855

    debit - 43: 855 - 43 = 812

    credit + 123: 812 + 123 = 935

    New balance is $935
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