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Cigna began operations on September 1, 2023 with an investment of $36,000 cash into the business. During the month of September, Cigna completed the following
Cigna began operations on September 1, 2023 with an investment of $36,000 cash into the business. During the month of September, Cigna completed the following additional transactions: September 2 Cigna borrowed $10,800 from First National Bank and signed a note payable for the debt September 4 Purchased supplies for $1,200 in cash September 15 Paid employee wages of $1,000 in cash September 18 Made a customer repair and billed them; however, Cigna did not collect the $2,600 September 29 Paid rent for the month of September in the amount of $3,600 in cash What is the balance in the Cash account at the end of September 2023?
Select one: O a. $5,000 O b. $36,000 O C. ($5,800) O d. $41,000 O e. $30,200
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