A company had credit sales of $30,000 and cash sales of $10,000 during the month of may. also during may, the company paid wages of $12,000 and utilities of $1,800. it also received payments from customers on account totaling $4,000. at the beginning of may, the company had a cash balance of $25,000. what is the company's cash balance at the end of may?

a. $21,200

b. $25,200

c. $39,000

d. $35,000

Question

Business

Allisson Hendrix

22 June, 06:10

A company had credit sales of $30,000 and cash sales of $10,000 during the month of may. also during may, the company paid wages of $12,000 and utilities of $1,800. it also received payments from customers on account totaling $4,000. at the beginning of may, the company had a cash balance of $25,000. what is the company's cash balance at the end of may?

a. $21,200

b. $25,200

c. $39,000

d. $35,000

+4

Answers (1)

Know the Answer?

Jaime Haley · Answer 1

The profit during the month was $44,0000, with $30,000 in credit and $14,000 in cash. The money they spent was $13,800. So the total cash at the end was $25,200.