Given the following transactions,what is the ending balance in the Cash account? 1.The owner started the company by investing $6,000 cash.
2)The company paid $1,200 for 6 months' rent in advance.
3)The company acquired $2,400 in merchandise inventory with one-half of the purchase on account.
4)The company sold merchandise inventory costing $1,500 for $3,100 on account.
A)$3,600 debit balance
B)$3,600 credit balance
C)$5,100 credit balance
D)$4,800 debit balance
E)$4,800 credit balance

Question

Quizplus · Accepted Answer

The Answer of Given the following transactions,what is the ending balance in the Cash account? 1.The owner started the company by investing $6,000 cash.
2)The company paid $1,200 for 6 months' rent in advance.
3)The company acquired $2,400 in merchandise inventory with one-half of the purchase on account.
4)The company sold merchandise inventory costing $1,500 for $3,100 on account.
A)$3,600 debit balance
B)$3,600 credit balance
C)$5,100 credit balance
D)$4,800 debit balance
E)$4,800 credit balance

Given the Following Transactions,what Is the Ending Balance in the Cash