Your company has a starting cash balance of 6,270 on January 1st. The company has 2,600 in accounts receivable on January 15th and 4,900 accounts payable on January 15th What will their cash balance be on January 15th at the close of business? A. 3,970 B. 8,870 C. 8,570 D. 13,770

To determine the cash balance on January 15th at the close of business, we need to account for the changes in accounts receivable and accounts payable from the starting cash balance.Given:- Starting cash balance on January 1st: 2,600- Accounts payable on January 15th: Substituting the given values: 4,900 \]Now, perform the calculation: 2,600 - \ 3,970 \]Therefore, the cash balance on January 15th at the close of business will be:A. $3,970