Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January:Issued 10,000 shares of common stock for $15,000 cash.Purchased land for $12,000, signing a note payable for the full amount.Purchased office equipment for $1,200 cash.Received cash of $14,000 for services provided to customers during the month.Purchased $300 of office supplies on account.Paid employees $10,000 for their first month's salaries.What was the balance of Gotebo's Cash account following these six transactions?
A. $19,300.
B. $22,400.
C. $17,800.
D. $29,800.
Answer: C
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