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 $4,300 debit balance.
B) A $4,300 credit balance.
C) A $5,700 credit balance.
D) A $5,700 debit balance.
E) A $0 balance.

Question

Quizplus · Accepted Answer

The ending balance is $5,000. The account was debited $12,200 and credited $11,500 during May. To find the beginning balance, subtract the net increase ($12,200 - $11,500 = $700) from the ending balance: $5,000 - $700 = $4,300 debit balance.

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