A business has the following transactions: The business is started by receiving $20,000 from the owner.The business purchases $500 of supplies on account.The business purchases $2,000 of furniture on account.The business renders services to various clients totaling $9,000 on account.The business pays out $2,000 for Salary expense and $3,000 for Rent expense.The business pays $500 to a supplier for the supplies purchased earlier.The business collects $1,500 from one of its clients for services rendered earlier in the month.At the end of the month,all journal entries are posted to the ledger.The Cash account will appear as follows:
A)
B)
C)
D)
Correct Answer:
Verified
Q130: A business purchases supplies for $200
Q131: A business is started by receiving
Q132: Equipment is purchased for cash.Which of the
Q133: A business owner took a withdrawal.Which of
Q134: In a previous month,the business purchased
Q136: A business has the following transactions:
Q137: At the end of the month,the
Q138: A business renders services to its
Q139: A utility bill is received for expenses
Q140: At the end of the month,the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents