On September 30, the Cash account of Value Company had a normal balance
of $5,000. During...

Question

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?

Robert · Accepted Answer

Value Company
Value Company
September 30 Balance  
$5,000
Add: Amount Credited
$11,500
Less: Amount Debited  
($12,200)
Beginning Cash Balance
$4,300
The balance in Cash account at the beginning of September is $4,300

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...

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