On June 1, 2021, Portugal Inc

question 11

Multiple Choice

On June 1, 2021, Portugal Inc.reported a cash balance of $12,000.During June, Portugal made deposits of $5,000 and made disbursements totalling $14,000.What is the cash balance at the end of June?

• A)$3,000 debit balance
• B)$17,000 debit balance
• C)$3,000 credit balance
• D)$2,000 credit balance

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Definitions:

Geologic Hazards

Natural events caused by geological processes, such as earthquakes, landslides, and volcanic eruptions, that can potentially endanger human lives and property.

Volcanic Eruptions

Explosive events where magma, gas, and ash are expelled from a volcano, often with significant force and impact on the surrounding environment.

Flash Flooding

Rapid and extreme flow of high water into a normally dry area, or a rapid water level rise in a stream or creek above a predetermined flood stage, often caused by intense rainfall.

Mountain Ranges

Chains or clusters of mountains that are close together in a line or a group, often formed by tectonic forces or volcanism.