Solution-What was the balance in the cash account at the

What was the balance in the cash account at the beginning

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Reference no: EM132479537

Question 1: On August 31, the Cash account of Ornament Unlimited had a normal balance of $5,000. During August, 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 August?

Group of answer choices

Option 1: A $0 balance.

Option 2: A $4,300 debit balance.

Option 3: A $4,300 credit balance.

Option 4: A $5,700 debit balance.

Option 5: A $5,700 credit balance.

Reference no: EM132479537

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What was the balance in the cash account at the beginning

Reference no: EM132479537

Reference no: EM132479537

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