What was the balance in the cash account on June 30?

X Company, a merchandiser, started business on June 1 . The following were June transactions: 1. Received $80,000 from a group of investors. 2. Bought $8,641 of merchandise, $3,359 for cash and $5,282 on account. 3. Sold merchandise for $21,800, of which $16,955 was for cash and $4,845 was on account; Cost of Goods Sold was 55% of sales. 4. Paid $3,305 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,100. 6. Collected $2,724 from customers on account. 7. Paid $5,600 for rent in advance