The beginning balance in Cash was \$3,500. Additional cash of \$2,000 was received. Checks were written totaling \$2,500. The cash balance is A. \$2,000. B. \$6,000. C. \$4,500. D. \$3,000.
The beginning balance in Cash was \$3,500. Additional cash of \$2,000 was received. Checks were written totaling \$2,500. The cash balance is \$3,000. 3,500+2,000-2,500=3,000
Asked 2/25/2015 11:57:02 AM
Updated 2/25/2015 2:39:11 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [2/25/2015 2:39:11 PM]
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Questions asked by NathanGuwop
The normal balance of the Accounts Receivable subsidiary ledger is A. credit. B. debit. C. It doesn’t have a normal balance. D. Not enough information has been provided.
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Updated 2/26/2015 4:09:09 PM
The normal balance of the Accounts Receivable subsidiary ledger is DEBIT.
Added 2/26/2015 4:09:09 PM
This answer has been confirmed as correct and helpful.
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