Table 1-1
Following Is a Random List Showing the Account

question 53

Multiple Choice

Table 1-1
Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Spiffy's Garage at December 31, 2019, the end of its first year of operations. $\begin{array} { | l | r | } \hline \text { Accounts receivable } & \$ 15,000 \\\hline \text { Accounts payable } & 3,500 \\\hline \text { Salary expense } & 4,500 \\\hline \text { Repairs expense } & 800 \\\hline \text { Truck } & 8,500 \\\hline \text { Equipment } & 6,300 \\\hline \text { Notes payable } & 8,200 \\\hline \text { Cash } & 6,800 \\\hline \text { Supplies expense } & 1,600 \\\hline \text { Service revenue } & 12,800 \\\hline \text { Gasoline expense } & 800 \\\hline \text { Salary payable } & 2,200 \\\hline\end{array}$ The owner, Spiffy Sloan, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use.
-Refer to Table 1-1. The net income or loss for the year was:

• A)$12,800.
• B)$5,100.
• C)$5,900.
• D)$7,700.

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Definitions:

Brain Chemistry

Refers to the complex interplay of chemicals and neurotransmitters in the brain that affect mood, thought processes, and behavior.

Perception

The process by which individuals interpret and organize sensory information to understand the environment and make decisions.

Stimulants

Psychoactive drugs such as cocaine, amphetamines, nicotine, and caffeine that tend to elevate mood, arouse action, reduce feelings of fatigue, and decrease appetite.

Marijuana

A drug derived from the resin of the cannabis sativa plant. The effects of marijuana abuse include memory impairment, altered thought process, feelings of relaxation and euphoria, impaired coordination, and increased appetite.