During the accounting period, Cash was debited for $4,000, $3,000, and $1,000. Cash was also credited for $3,000, $500, and $100. The beginning balance of Cash was a $10,000 debit. What is the ending balance of Cash on the post-closing trial balance?

Question

Business

Corinne Fields

28 April, 01:22

During the accounting period, Cash was debited for $4,000, $3,000, and $1,000. Cash was also credited for $3,000, $500, and $100. The beginning balance of Cash was a $10,000 debit. What is the ending balance of Cash on the post-closing trial balance?

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Answers (1)

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Lexie Schmitt · Answer 1

balance: 14,400 debit

Explanation:

We can solve this by doing the Cash T-accounts:

We write the debits under debit colum and credits under credit column

Then we calculate the total for each column and detemrinate the balance.

Cash

Debit Credit

beginning 10,000 3,000

4,000 500

3,000 100

1,000

totals 18,000 3,600

balance: 14,400