On May 31, the Cash account of ABC Company had a normal balance of $10,000. During May, the account was debited for a total of $24,400 and credited for a total of $23,000. What was the balance in the Cash account at the beginning of May? A $8,600 credit balance. A $11,400 debit balance. A $8,600 debit balance. A $0 balance.

On May 31, the Cash account of ABC Company had a normal balance of $10,000. During May, the account was debited for a total of $24,400 and credited for a total of $23,000. What was the balance in the Cash account at the beginning of May? A $8,600 credit balance. A $11,400 debit balance. A $8,600 debit balance. A $0 balance.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 8E

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