A Company Had Credit Sales of $30,000 and Cash Sales

Multiple Choice

A company had credit sales of $30,000 and cash sales of $10,000 during the month of May. Also during May, the company paid wages of $1,000 and utilities of $800. It also received payments from customers on account totaling $4,000. At the beginning of May, the company had a cash balance of $25,000. What is the company's cash balance at the end of May?

A) $23,200
B) $25,000
C) $37,200
D) $65,000