The Cash account has a beginning balance of $500. There are three additional debits totalling $1 250. In addition, there are four credits totalling $775. What is the balance in the account?

Name: The Cash account has a beginning balance of $500. There are three additional debits totalling $1 250. In addition, there are four credits totalling $775. What is the balance in the account?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The balance is calculated as the beginning balance plus total debits minus total credits: $500 + $1,250 - $775 = $975.

The Cash Account Has a Beginning Balance of $500