Cash had a beginning balance of $206,700.During the month,Cash was credited for $48,000 and debited for $54,900.At the end of the month,the balance is:

Name: Cash had a beginning balance of $206,700.During the month,Cash was credited for $48,000 and debited for $54,900.At the end of the month,the balance is:
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Question

Quizplus · Accepted Answer

Cash,an asset account,has a normal debit balance.
Beginning debit balance of $206,700 + debit of $54,900 − credit of $48,000 = Ending debit balance of $213,600

Cash Had a Beginning Balance of $206,700