8. In the first month of operations for Pocket Industries, the total of the debit entries to the cash account amounted to $9,000 ($5,000 investment by the owner and revenues of $4,000). The total of the credit entries to the cash account amounted to $5,000 (purchase of equipment $2,000 and payment of expenses $3,000). At the end of the month, the cash account has a(n)

a. $2,000 credit balance.

b. $2,000 debit balance.

c. $3,000 credit balance.

d. $4,000 debit balance.

9. Denton Company showed the following balances at the end of its first year:

Cash $ 7,000

Prepaid insurance 700

Accounts receivable 3,500

Accounts payable 2,800

Notes payable 4,200

Denton, Capital 1,400

Denton, Drawing 700

Revenues 21,000

Expenses 17,500

What did Denton Company show as total credits on its trial balance?

a. $30,100

b. $29,400

c. $28,700

d. $30,800

10. Cerner Company showed the following balances at the end of its first year:

Cash $ 5,000

Prepaid insurance 500

Accounts receivable 2,500

Accounts payable 2,000

Notes payable 3,000

Cerner, Capital 1,000

Cerner, Drawing 500

Revenues 15,000

Expenses 12,500

What did Cerner Company show as total credits on its trial balance?

a. $21,500

b. $21,000

c. $20,500

d. $22,000