Multiple Choice
On June 1, 2015, Portugal Inc. reported a cash balance of $12,000. During June, Portugal made deposits of $5,000 and made disbursements totalling $14,000. What is the cash balance at the end of June?
A) $3,000 debit balance
B) $17,000 debit balance
C) $3,000 credit balance
D) $2,000 credit balance
Correct Answer:
Verified
Correct Answer:
Verified
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