The Cash T-account has a beginning balance of $52,000. During the year, $365,000 was debited and...

Question

Question

The Cash T-account has a beginning balance of $52,000. During the year, $365,000 was debited and $360,000 was credited to the account.

What is the ending balance of cash?

Answer 1

Answer #1

Ending Balance of Cash = Beginning Balance + Amount Debited - Amount Credited

= $ 52,000 + 365,000 - 360,000

= $57,000

Answer 2

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