Determine the Cash Balance The beginning-of-the-period cash balance for the Taylor Company was a \(\$ 12,000\) debit. Cash sales for the month were \(\$ 8,000\) and sales on account were \(\$ 8,000\). The company paid \(\$ 2,500\) cash for current-period purchases and also paid \(\$ 3,000\) cash for amounts due from last month. What is the ending debit or credit balance in the Cash account?