Business, 18.02.2020 22:59, kaylazeiter

In the first month of operations for Gallowsbird Industries, the total of the debit entries to the cash account amounted to $36,000 ($16,000 investment by stockholders and revenues of $20,000). The total of the credit entries to the cash account amounted to $22,000 (purchase of equipment $8,000 and payment of expenses $14,000). At the end of the month, the cash account has a(n) .a. $6,000 credit balance. b. $6,000 debit balance. c. $14,000 debit balance. d. $14,000 credit balance.

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In the first month of operations for Gallowsbird Industries, the total of the debit entries to the c...