During February 2014, Its First Month of Operations, the Owner

question 131

Multiple Choice

During February 2014, its first month of operations, the owner of Alona Enterprises invested cash of $75,000. Alona had cash revenues of $12,000 and paid expenses of $21,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?

• A) $9,000 credit
• B) $66,000 debit
• C) $87,000 debit
• D) $54,000 credit

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Definitions:

Talking Cure

A term often associated with psychoanalysis and psychotherapy, referring to the process of discussing problems and issues with a therapist to uncover and address underlying psychological conflicts.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Carl Rogers

An influential American psychologist who founded the client-centered approach to psychotherapy.

Operant Conditioning

The process by which a response becomes more likely to occur or less so, depending on its consequences.