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12 May, 20:01

On May 31, the Cash account of Tesla had a normal balance of $5,300. During May, the account was debited for a total of $12,500 and credited for a total of $11,800. What was the balance in the Cash account at the beginning of May?

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  1. 12 May, 20:10
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    The balance in the Cash account at the beginning of May was $4,600

    Explanation:

    The balance in the Cash account at the ending of May = The balance in the Cash account at the beginning of May + Cash increased in May - Cash decreased in May.

    The balance in the Cash account at the beginning of May = The balance in the Cash account at the ending of May + Cash decreased in May - Cash increased in May

    Cash increased in May = the Cash account was debited = $12,500

    Cash decreased in May = the Cash account was credited = $11,800

    The balance in the Cash account at the beginning of May = $5,300 + $11,800 - $12,500 = $4,600
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Home » Business » On May 31, the Cash account of Tesla had a normal balance of $5,300. During May, the account was debited for a total of $12,500 and credited for a total of $11,800. What was the balance in the Cash account at the beginning of May?
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