The question is attached in the screnshotthanks for the help!!!!!!!!!!! A company had credit sales of $34,000 and cash sales of $14,000 during the month of May. Also, during May, the company paid wages of $17,000 and utilities of $3,800. Italso received payments from customers on account totaling $5,000. At the beginning of May, the company had a cash balance of $26,000. What is the company's cashbalance at the end of May?OA. $40,000O B. $45,000OC. $19,200OD. $24,200(…)

Cash is the life blood of the company. Cash is the liquid asset of the company it helps in oblige…

Answered: also received payments from customers…

also received payments from customers on account totaling $5,000. At the beginning of May, the company had a cash balance of $26,000. What is the company's cash balance at the end of May?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

Question

The question is attached in the screnshot

thanks

for the help!!!!!!!!!!!

A company had credit sales of $34,000 and cash sales of $14,000 during the month of May. Also, during May, the company paid wages of $17,000 and utilities of $3,800. It
also received payments from customers on account totaling $5,000. At the beginning of May, the company had a cash balance of $26,000. What is the company's cash
balance at the end of May?
OA. $40,000
O B. $45,000
OC. $19,200
OD. $24,200
(…)

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