On June 1, 2014, Portugal Inc. reported a cash balance of $12,000. During June, Portugal made deposits

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On June 1, 2014, Portugal Inc. reported a cash balance of $12,000. During June, Portugal made deposits of $3,000 and made disbursements totaling $14,000. What is the cash balance at the end of June?

a). $1,000 debit balance

b). $15,000 debit balance

c). $1,000 credit balance

d). $4,000 credit balance

Related Book For answer-question

Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Jan 17, 2021 04:32 AM

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On June 1, 2014, Portugal Inc. reported a cash balance of $12,000. During June, Portugal made deposits

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Financial and managerial accounting

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