Jenkins Company began business in June when stockholders invested​ $82,000 in the​ business, which in turn issued its co

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answerhappygod
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Jenkins Company began business in June when stockholders invested​ $82,000 in the​ business, which in turn issued its co

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Jenkins Company began business in June when stockholders
invested​ $82,000 in the​ business, which in turn issued
its common stock to them. Jenkins Company then purchased a building
for​ $40,000 cash and inventory for​ $20,000 cash,
performed services for clients for​ $15,000 cash, purchased
supplies for​ $8,000 cash, and paid utilities of​ $6,000.
What is the amount of cash at the end of​ June?
A. 43,000
B. 37,000
C. 22,000
D. 23,000
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