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

question 105

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. Total expenses for the year were:

• A)$5,300.
• B)$7,700.
• C)$7,800.
• D)$6,900.

---

Definitions:

Aversive Conditioning

A form of behavioral therapy that involves using unpleasant stimuli to reduce or eliminate undesirable behaviors.

Cognitive Restructuring

A therapeutic process aimed at identifying and challenging negative thought patterns to alter unwanted behavior and emotions.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.

Mental Health Care

The provision of services and support to individuals dealing with psychological, emotional, or behavioral issues.