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A company had credit sales of $36,000 and cash sales of $10,000 during the month of May. Also, during May, the company paid wages
A company had credit sales of $36,000 and cash sales of $10,000 during the month of May. Also, during May, the company paid wages of $16,000 and utilities of $1,800. It also received payments from customers on account totaling $5,000. At the beginning of May, the company had a cash balance of $28,000. What is the company's cash balance at the end of May? OA. $38,000 B. $25,200 C. $20,200 OD. $43,000
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