Cash had a beginning balance of $68,900.During the month,Cash was credited for $16,000 and debited for $18,300.At the end of the month,the balance is:

Name: Cash had a beginning balance of $68,900.During the month,Cash was credited for $16,000 and debited for $18,300.At the end of the month,the balance is:
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Question

Quizplus · Accepted Answer

The ending balance is calculated by taking the beginning balance, adding debits, and subtracting credits: $68,900 + $18,300 - $16,000 = $71,200.

Cash Had a Beginning Balance of $68,900