Given the following transactions, what is the balance in the cash account?

1. The owner started the company by investing $7,700 cash.

2. The company paid $4,200 for six months rent in advance.

3. The company acquired $2,100 in merchandise inventory with two-thirds of the purchase on account.

4. The company sold merchandise inventory costing $1,500 for $3,100 on account.

	a.	$2,800
	b.	$4,500
	c.	$1,400
	d.	$6,300
	e.	$5,900