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The Stanwyk Company started operations this month and had the following transactions: 1. Owners invested $40,000 to start the company 2. Sold services to customer

The Stanwyk Company started operations this month and had the following transactions: 1. Owners invested $40,000 to start the company 2. Sold services to customer for $28,500 3. Purchased supplies for $700 4. Purchased equipment for $3,600 on account 5. Paid $4,200 for office rent 6. Paid administrative payroll of $13,500 7. Paid dividends of $1,800 Supplies of $500 were still on hand at the end of the month. What is the company's cash balance at the end of the month

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