During June the following transactions occurred:

1) Completed a job for which the customer paid $200 in June. The invoice is for $1,000.

2) Hire a helper and paid $200 for works done.

3) Paid $500 for the rent of July.

4) Purchased supplies for $300. At the end of June notices that there are $200 of supplies left.

5) Orders new flyers for advertising. They will be ready in July but the printer asked to be paid in advance $100.

6) In June collected in cash $3,000 for 3 jobs done for a total of $4,200, the rest is owed in account by the customers.

7) In June decided to start depreciating the equipment bought for $360 that is expected to last for 3 years.

Prepare "T" Accounts in CASH Basis for the period ended on June 30^th and then answer the questions (proof of cash).

At the end of the accounting period (June 30^th), what is the total of Cash?

Multiple Choice

Less than $1,000

Between $2,000 and $3,000

More than $3,000

Between $1,500 and $1,999

Between $1,000 and $1,499