Question
The Cash T-account has a beginning balance of $52,000. During the year, $365,000 was debited and...
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?
Answers
Ending Balance of Cash = Beginning Balance + Amount Debited - Amount Credited
= $ 52,000 + 365,000 - 360,000
= $57,000
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