What is the Balance in Cash?

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The following transactions have been journalized and posted to the proper accounts. 1. Mark Call invested $7,000 cash in his new design services business. 2. The business paid the first month's rent with $700 cash. 3. The business purchased equipment by paying $2,000 down and executing a note payable for $4,500. 4. 5. The business purchased supplies for $850 cash. The business billed its clients a total of $4,000 for design services rendered. The business collected $3,000 on account from one of its clients. 6