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AccountingFinancial Accounting

Consider the Following T-Account for Cash: Balance and Transaction Examples

The Cash account has a $4,800 debit balance; transaction examples distinguish receipts and payments from revenue and expenses.

Question

Consider the following T-account for cash.

Debit (left), $Credit (right), $
12,0007,200
3,4001,400
2,5004,500
  1. Find the remaining Cash balance and its debit or credit side.
  2. Suggest transactions consistent with the 3,400-dollar debit.
  3. Suggest transactions consistent with the 1,400-dollar credit.

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Evidence boundary

This solution uses BE2–9’s 12,000/12,000/3,400/2,500debitand2,500 debit and 7,200/1,400/1,400/4,500 credit version. The indexed textbook provides all three requirements; direct PDF retrieval was unavailable during review. Transaction examples are possibilities, not facts recoverable from the amounts alone. No extra opening balance is assumed.