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24 December, 05:24

During the accounting period, Cash was debited for $4,000, $3,000, and $1,000. Cash was also credited for $3,000, $500, and $100. The beginning balance of Cash was a $10,000 debit. What is the ending balance of Cash on the post-closing trial balance?

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  1. 24 December, 05:30
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    balance: 14,400 debit

    Explanation:

    We can solve this by doing the Cash T-accounts:

    We write the debits under debit colum and credits under credit column

    Then we calculate the total for each column and detemrinate the balance.

    Cash

    Debit Credit

    beginning 10,000 3,000

    4,000 500

    3,000 100

    1,000

    totals 18,000 3,600

    balance: 14,400
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