LO4 SE2-2. Debit and Credit Effects Indicate the account that will be debited for each of the following transactions: Issued common stock for cash b. Borrowed money from a bank Provided services on account d. Purchased inventory on account Collected cash from customers that owed a balance due C. 52-5. 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