Table 1-2
Following Is a List Showing the Account Balances

question 48

Multiple Choice

Table 1-2
Following is a list showing the account balances of various assets, liabilities, revenues, and expenses for Tim's Landscaping at December 31, 2019, the end of its first year of operations. $\begin{array} { | l | r | } \hline \text { Accounts receivable } & \$ 30,000 \\\hline \text { Accounts payable } & 7,000 \\\hline \text { Salary expense } & 9,000 \\\hline \text { Repairs expense } & 1,600 \\\hline \text { Truck } & 17,000 \\\hline \text { Equipment } & 12,600 \\\hline \text { Notes payable } & 16,400 \\\hline \text { Cash } & 13,600 \\\hline \text { Supplies expense } & 3,200 \\\hline \text { Service revenue } & 25,600 \\\hline \text { Gasoline expense } & 1,600 \\\hline \text { Salary payable } & 4,400 \\\hline\end{array}$ The owner, Tim Brown, invested $45,200 during the year and withdrew $10,000 during the year for personal use.
-Refer to Table 1-2. Total assets at December 31, 2019, were:

• A)$65,400.
• B)$72,400.
• C)$73,200.
• D)$63,200.

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Definitions:

Reactive Intermediate Species

Highly reactive molecules or ions formed transiently in the course of a chemical reaction, which go on to react further to form the final products.

Sp3 Hybridization

A form of orbital hybridization in which one s orbital and three p orbitals mix to form four equivalent sp3 hybrid orbitals, typically found in tetrahedral molecular geometries.

Monochlorinated Products

Chemical compounds obtained by adding a single chlorine atom to a molecule, often as intermediates in organic synthesis or in the production of insecticides and solvents.

Chlorine Radical

A reactive atom of chlorine that possesses an unpaired electron, making it extremely reactive with other substances.