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23 June, 14:34

The T - account for Cash had 3 transactions entered into it. It was increased by $400 and decreased by $100 and by $30, respectively. Its balance at the end of the period would be a (debit/credit) balance of $

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  1. 23 June, 18:20
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    Debit balance of $270

    Explanation:

    The cash account is an asset account hence a debit entry to it increases the account balance while a credit entry reduces it.

    If the account balance was increased by $400 and reduced by $130 (i. e $100 + $30), the net balance in the account

    = $400 - $130

    = $270

    This is a debit balance.
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