On May 31,the Cash account of Bottle's R US had a normal balance of $5,000.During May,the Cash 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.

Question

Quizplus · Accepted Answer

The beginning balance can be calculated by taking the ending balance, subtracting the total debits, and adding the total credits. So, $5,000 (ending balance) - $12,200 (total debits) + $11,500 (total credits) = $4,300 debit balance.

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