Chapter 2 Question 9: (1 point)

Listed below are Wallace Companys accounts and their amounts as of December 31, 20XX. All accounts have normal balances.

Accounts Payable	$40,000
Accounts Receivable	65,000
Cash	?
Common Stock	120,000
Dividends	15,500
Fees earned	83,000
Insurance expense	3,000
Land	47,350
Notes payable	12,000
Rent expense	750
Retained earnings	55,625
Supplies	815
Supplies expense	325
Utilities expense	560
Wages expense	46,800

Required: What is the Cash balance, as reported in Wallaces trial balance, as of December 31, 20XX?