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Business, 05.05.2020 17:41 Melleeroo

The following entries were made by the accountant of Patel Pastries during its first month of operation: 1. James Patel, the owner, deposited $3,000 in the business's new checking account. 2. Patel Pastries paid the first month's rent of $400 in cash. 3. Patel Pastries purchased equipment by signing a note payable of $11,000. 4. Cash sales for the month were $4,500. 5. Patel Pastries purchased cooking supplies for $1,400 cash. After the accountant posts these entries to the general ledger, what is the balance in the Cash account

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