On May 31,the Cash account of Tesla 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 $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.

Question

Quizplus · Accepted Answer

The ending balance is $5,000. The account was debited $12,200 and credited $11,500, resulting in a net increase of $700. Therefore, the beginning balance was $5,000 - $700 = $4,300 debit balance.

On May 31,the Cash Account of Tesla Had a Normal