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What is the ending cash balance for company

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Question - Partial financial information for a company is as follows

Beginning cash balance $1,200

Received cash from sales of goods $15,000

Paid wages and salaries $4,500

Received cash from non-trading securities $5,000

Paid cash for plant assets $6,000

Received cash from loans $8,000

Paid cash in repayment of loans $2,000

What is the ending cash balance for this company?

$20,000

$18,700

$16,700

$15,500

Reference no: EM132425872

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