Case study
On October 31, a companys Cash account had a normal balance of $8,.pdf
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On October 31, a company\'s Cash account had a normal balance of $8,800. During October, the account was debited for a total of $5,450 and credited for a total of $6,540. What was the balance in the Cash account at the beginning of October? $3,350 debit balance $11,990 credit balance $1,090 credit balance $9,890 debit balance $0 balance On October 31, a company\'s Cash account had a normal balance of $8,800. During October, the account was debited for a total of $5,450 and credited for a total of $6,540. What was the balance in the Cash account at the beginning of October? Solution $9890 Debit Balance Staement showing computation Particulars Amount Closing Cash balance 8,800.00 Receipts during Month 5,450.00 Payments during Month 6,540.00 Beginning Balance = Payments + Closing Bal - Receipts 9,890.00.
On October 31, a companys Cash account had a normal balance of $8,.pdf
- On October 31, a company's Cash account had a normal balance of $8,800. During October, the account was debited for a total of $5,450 and credited for a total of $6,540. What was the balance in the Cash account at the beginning of October? $3,350 debit balance $11,990 credit balance $1,090 credit balance $9,890 debit balance $0 balance On October 31, a company's Cash account had a normal balance of $8,800. During October, the account was debited for a total of $5,450 and credited for a total of $6,540. What was the balance in the Cash account at the beginning of October? Solution $9890 Debit Balance Staement showing computation Particulars Amount Closing Cash balance 8,800.00 Receipts during Month 5,450.00 Payments during Month 6,540.00 Beginning Balance = Payments + Closing Bal - Receipts 9,890.00