What Would Be the Account Balance in the Cash Account

question 196

Multiple Choice

What would be the account balance in the Cash account after the following transactions, assuming a zero beginning balance? $\begin{array}{|l|l|}\hline \text { Owner invested cash. } & \$ 100,000 \\\hline \text { Purchased supplies with cash. } & \$ 20,000 \\\hline \text { Received bill for one month of rent. } & \$ 2,200 \\\hline \text { Paid wages. } & \$ 800 \\\hline \text { Billed customer for services per formed services } & \$ 1,250 \\\hline\end{array}$

• A) $124,250
• B) $80,150
• C) $78,250
• D) $79,200
• E) $80,450

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Definitions:

Conservation

In environmental science, it is the preservation and careful management of the environment and natural resources.

Concrete Operational

A stage in Piaget's theory of cognitive development, occurring roughly from ages 7 to 12, characterized by the development of logical thought about concrete objects but not yet abstract concepts.

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others.

Conventional Morality

A stage in moral development characterized by adherence to rules and standards of one's group or society.