Powder Keg Company's account balances on November 1 are as follows:

	Debit	Credit			Debit	Credit
Cash	$ 7,800			Patents	$25,000
Accounts Receivable	12,530			Accounts Payable		$ 38,750
Allowance for Doubtful Accounts		$ 740		Notes Payable		2,400
Notes Receivable	6,000			Common Stock, no par		165,000
Inventory	25,121			Retained Earnings, January 1		24,958
Prepaid Insurance	840			Sales Revenue		36,833
Office Supplies	465			Cost of Goods Sold	32,000
Land	74,350			Sales Salaries Expense	6,200
Buildings	66,580			Office Salaries Expense	4,300
Accumulated Depreciation:				Advertising Expense	1,250
Buildings		21,400		Utilities Expense	1,845
Equipment	37,620			Interest Revenue		550
Accumulated Depreciation:				Interest Expense	210
Equipment		11,480

During the month of November, the following transactions took place:

Date		Transaction
Nov.	2	Made cash sales of $3,400; the cost of the inventory sold was $2,040.
	3	Purchased $900 of inventory for cash.
	5	Sold an unused 1/2 acre of land for $4,000; the land had originally cost $3,650.
	8	Purchased a 2-year comprehensive insurance policy for $528.
	12	Leased an unused portion of its building to WebbCo, collecting 6 months' rent in advance at $220 per month.
	13	Made $2,300 of sales on credit to Lauren Company; the cost of the inventory sold was $1,400.
	16	Collected the $200 monthly payment plus $30 interest on a customer's note receivable.
	17	Purchased $1,600 of inventory on credit from Katy Company.
	20	Purchased land for a future building site. Made a $2,000 down payment and signed a 12%, 90-day, $6,000 note payable for the balance.
	23	Collected the Lauren Company account for the November 13 sale.
	26	Paid for the November 17 purchase of inventory.
	27	Paid the city newspaper $420 for advertising that had appeared during November.
	30	Paid $520 of sales salaries and $390 of office salaries.

The November 30 balance in the Cash account would be:

a. $12,692

b. $7,800

c. $11,372

d. $11,092