What is the balance in cash


The following transactions have been journalized and posted to the proper accounts.

· Mark Call invested $7,000 cash in his new design services business.
· The business paid the first month's rent of $700.
· The business purchased equipment by paying $2,000 cash and executing a note payable for $4,500.
· The business purchased supplies for $850 cash.
· The business billed a client for $4,000 of design services completed.
· The business received $3,000 of the account for the completed services.

What is the balance in Cash?

a) $7,850

b) $6,450

c) $8,450

d) $8,150

e) None of these is correct

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Accounting Basics: What is the balance in cash
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