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  • Jan 22, 2007, 01:50 PM
    Fisher321
    Cash Balance
    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
  • Jan 22, 2007, 10:06 PM
    CaptainForest
    14K + 23K - 25K = 12,000

    c. Debit balance of $12,000

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