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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The Answer of 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.

In the First Month of Operations for Gallowsbird Industries, the Total