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ACCO 500 Patrick company had the following transactions

Author:
January 14th, 2018

Patrick company had the following transactions:1. The owner started the company by investing $10,000 of cash2. The company paid $2,000 for six months of rent. The rent was paid in advance.3. The company acquired $3,300 in inventory and put 1/3 of the purchases on account. The company paid $2,200 in cash.4. The company sold inventory costing $1,400 for $2,900 on account.After all these transactions, what is the balance in the cash account?

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