In the First Month of Operations for Gallowsbird Industries, the Total

question 206

Multiple Choice

In the first month of operations for Gallowsbird Industries, the total of the debit entries to the cash account amounted to $36,000 ($16,000 investment by stockholders and revenues of $20,000) . The total of the credit entries to the cash account amounted to $22,000 (purchase of equipment $8,000 and payment of expenses $14,000) . At the end of the month, the cash account has a(n)

• A) $6,000 credit balance.
• B) $6,000 debit balance.
• C) $14,000 debit balance.
• D) $14,000 credit balance.

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Definitions:

Intrinsic Motivation

The performance of tasks for our own innate satisfaction.

Achievement Motivation

An individual's drive to overcome obstacles, achieve high standards, and attain goals through persistent effort and determination.

Productive Motivation

Productive motivation involves the drive and energy that compel individuals to work efficiently and effectively towards achieving specific goals.

Creativity And Innovation

The act of turning new and imaginative ideas into reality, characterized by the ability to perceive the world in new ways and to find hidden patterns.