The Controller for Tires and More,Inc

Multiple Choice

The controller for Tires and More,Inc.has recorded the following transactions during the month: the purchase of equipment for $8,500 cash;payment of $6,300 for 3 months of rent;and,collection of $2,400 from a customer for services performed.At the beginning of the month the company was established by selling 10,000 shares of stock to the public for $15,000 cash.What is the balance in the Cash account at the end of the month,and is the balance a debit or a credit?

A) $2,600 debit.
B) $2,600 credit.
C) $6,800 debit.
D) $15,200 debit.