Jenkins Company Began Business in June When Stockholders Invested $80,000

Multiple Choice

Jenkins Company began business in June when stockholders invested $80,000 in the business,which in turn issued its common stock to them.Jenkins Company then purchased a building for $40,000 cash and inventory for $20,000 cash,performed services for clients for $10,000 cash,purchased supplies for $5,000 cash,and paid utilities of $2,000 cash.What is the amount of Cash at the end of June?

A) $20,000
B) $23,000
C) $30,000
D) $43,000