Post 3 entries to Cash

Post the $5,000 receipt to the debit side and the $7,000 and $2,000 payments to the credit side: $18,000 + $5,000 - $7,000 - $2,000 = $14,000.

This adds the 2 cash payments instead of subtracting the credits from Cash.

This subtracts the payments but omits the $5,000 customer receipt.

This ignores the opening Cash balance and nets only the current transactions.

Answer: A

Cash begins with an $18,000 debit balance. The customer advance adds a $5,000 debit, while the insurance and wage payments add $9,000 of credits. The ending balance is $14,000 debit.