The following entries were made by the accountant of Patel Pastries during its first month of operation:

1. James Patel, the owner, deposited $3,000 in the business's new checking account.

2. Patel Pastries paid the first month's rent of $400 in cash.

3. Patel Pastries purchased equipment by signing a note payable of $11,000.

4. Cash sales for the month were $4,500.

5. Patel Pastries purchased cooking supplies for $1,400 cash.

After the accountant posts these entries to the general ledger, what is the balance in the Cash account?

answer choices

$7,500

$7,100

$5,700

$16,700