The following transactions occurred during May, the first month of operations for Hunter Products, Inc.: * Issued capital stock in exchange for $600,000 cash. * Purchased land for $400,000, making a $150,000 cash down payment and signing a note payable for the balance. * Paid $60,000 for note payable from the purchase of land. * Purchased equipment on credit from BBW, Inc. for $63,000.

Refer to the information above. What is the balance in the Cash account at the end of May?

a.

$600,000

b.

$390,000

c.

$210,000

d.

$800,000