On September 30, the Cash account of Value Company had a normal balance of $5,000. During September, 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 September?
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.Beg. Bal. + $12,200 - $11,500 = $5,000

Question

Quizplus · Accepted Answer

The beginning balance can be calculated by rearranging the equation: Beginning Balance + $12,200 - $11,500 = $5,000. Solving for the beginning balance gives $4,300.

On September 30, the Cash Account of Value Company Had