On May 31,the Cash account of Bottle's R US had a normal balance of $5,000.During May,the account was debited for a total of $12,200 and credited for a total of $11,500.What was the balance in the Cash account at the beginning of May?
A)A $0 balance.
B)A $4,300 debit balance.
C)A $4,300 credit balance.
D)A $5,700 debit balance.
E)A $5,700 credit balancE.Beginning Cash Balance + Debits - Credits = Ending Cash Balance

Question

Quizplus · Accepted Answer

The ending balance is $5,000. Using the formula: Beginning Balance + $12,200 (Debits) - $11,500 (Credits) = $5,000, the beginning balance is calculated to be $4,300.

On May 31,the Cash Account of Bottle's R US Had