The beginning balance in Cash was $5,000. Additional cash of $2,600 was received. Checks were written totaling $3,300. The ending balance in cash is:
A) $2,400.
B) $7,600.
C) $5,700.
D) $4,300.

Question

Quizplus · Accepted Answer

The ending balance is calculated by adding the additional cash received ($2,600) to the beginning balance ($5,000) and then subtracting the checks written ($3,300): $5,000 + $2,600 - $3,300 = $4,300.

The Beginning Balance in Cash Was $5,000