Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the ledger account for cash consists of a beginnin

The ledger account for Cash consists of a beginning balance of $70,000 on January 1...

70.2K

Verified Solution

Question

Accounting

The ledger account for Cash consists of a beginning balance of $70,000 on January 1 and two debit postings; one on January 12 for $4,000, and the other on January 23 for $9,000. What is the Cash balance at January 31?

  1. $57,000 credit
  2. $75,000 debit
  3. $65,000 debit
  4. $83,000 debit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

mework Assignment 7 Correlation and gression updated tion list estion 1 uestion 2 Question 3...

Statistics
Q

The net primary productivity is the a total amount of plant b- -Organic matter available as...

Biology
Q

What happens when the signs of the function in IVT are the same? Is it true...

Advance Math
Q

The surface temperature of the sun is To and it is at an average distance...

Physics
Q

are pretty much evenly distributed among the chapters except for Good luck everyone and as...

Physics
Q

Drag either of the movable red points to set the asymptotes for one period of...

Geometry
Q

The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated...

Accounting
Q

On January 1,2023, Mona, Incorporated, acquired 80 percent of Lisa Companys common stock as well...

Accounting
Q

Answer questions exactly how they are plz On May 10,2025, Blossom Co. enters...

Accounting
Q

HC15 3.)'?

Accounting
Q

Novak Manufacturing Company is considering three new projects, each requiring an equipment investment of $25,400....

Accounting
Q

The term "intuition-based judgment" as applied to the example of a patch of lily pads...

Finance