On June 1, 2014, England Inc. reported a cash balance of $21,000. During June, England made deposits of $8,000 and made disbursements totaling $24,000. What is the cash balance at the end of June?
A) $5,000 credit balance
B) $29,000 debit balance
C) $5,000 debit balance
D) $3,000 credit balance
Correct Answer:
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