The cash balance at the end of June is $3000.
The amounts transferring from one account to another are said to be disbursements in accounting.
So, there are subtracted from the initial balance to get the current balance.
It is given that,
On June 1, 2021, Portugal inc. reported a cash balance of $12,000.
During June, Portugal made deposits of $5000 and made disbursements totaling $14,000.
The initial cash balance = $12,000
Made a deposit of $5000 = $12,000 + $50000
⇒ $17, 000
Also made disbursements of $14,0000
⇒ Cash balance at the end = $17,000 - $14,000 = $3000
Therefore, in the end, the cash balance is $3000.
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