In the first month of operations for Crane Industries, the total of the debit entries to the cash account amounted to $35200 ($15800 investment by the owner and revenues of $19400). The total of the credit entries to the cash account amounted to $21200 (purchase of equipment $7000 and payment of expenses $14200). At the end of the month, the cash account has a(n)

a) $8800 credit balance.

b) $8800 debit balance.

c) $14000 debit balance.

d) $14000 credit balance.