X Company had a beginning cash balance of $14,000 on January 1, 2005. During January, the company recorded debits of $23,000 and credits of $25,000 to the cash account. The ending cash balance on January 31 would be a
a. Debit balance of $16,000
b. Credit balance of $16,000
c. Debit balance of $12,000
d. Credit balance of $12,000

14K + 23K - 25K = 12,000

c. Debit balance of $12,000