Determining an Ending Account Balance
I need help in determining the end balance of this account below. I have tried an continue to get the wrong answer.
Wilma's Accounting Services was organized on April 1, 2007. The company received a contribution of $1,700 from each of the three principal owners. During the month, Wilma's Accounting Services provided services for cash of $2,000 and services on the account for $790, received $430 from customers in payment of their accounts, purchased supplies on account for $950 and equipment on account for $1,570, received a utility bill for $270 which will not be paid until July, paid the full amount due on the equipment. What should the company's Cash balance be on April 30, 2007.
I said that is should be $10,700 but was told that it was wrong.:confused: