At the beginning of May, the company had a cash balance of

$25,000

. It had credit sales of

$40,000

and cash sales of

$14,000

during May. Also, during May, the company paid wages of

$13,000

and utilities of

$2,800

. It also received payments from customers on accounts totaling

$8,000

.\ What is the company's cash balance at the end of May?\

$31,200

\

$39,000

\

$23,200

\

$47,000

At the beginning of May, the company had a cash balance of $25,000. It had credit sales of $40,000 and cash sales of $14,000 during May. Also, during May, the company paid wages of $13,000 and utilities of $2,800. It also received payments from customers on accounts totaling $8,000. What is the company's cash balance at the end of May? $31,200 $39,000 $23,200 $47,000