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Schultz Tax Services, a tax preparation business, had the following transactions during the month of june: 1. Received cash for providing accounting services 3,000 2.

Schultz Tax Services, a tax preparation business, had the following transactions during the month of june:

1. Received cash for providing accounting services 3,000

2. Billed customers on account for providing services 7000

3. Paid advertising expense 800

4. Received cash from customers on account 3,800

5. Paid shareholders dividends 1,500

6. Received telephone bill 220

7. Paid telephone bill 220

Based on the information above calculate the balance of cash at June 30 using the following format

Cash, June 1, 25000

Plus cash receipts for june _________

minus cash payments for june ______

cash june 30 _______

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