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:

Discrimination

Discriminatory acts against various categories of individuals, mostly due to their racial, age, gender, or disability status.

Head Tax

A fixed fee charged as per capita tax on every individual, historically used as a form of immigration restriction.

Chinese Immigrants

Individuals from China who move to another country, with the intention of living there permanently or for an extended period.

Racial Stereotyping

The oversimplified and generalized beliefs about individuals based solely on their racial identity, often leading to prejudices and discrimination.