Consider the Following Transactions: I

question 65

Multiple Choice

Consider the following transactions: I. Borrowed cash on a note payable, $80,000
II. Provided services on account, $10,000
III. Received cash from a customer as payment on account, $8,000
IV. Received a utility bill, $1,200 Total assets would be:

• A)$96,800.
• B)$98,000.
• C)$90,000.
• D)$88,000.

---

Definitions:

Working Days

Days designated for work, typically excluding weekends and public holidays.

Two-week

A period of 14 consecutive days.

Master Schedule

A comprehensive plan that outlines the key activities and timelines within a project, ensuring that all tasks are completed in sequence and on time.

Documented Change Process

A formally outlined procedure that details the steps for making alterations to documents, systems, or processes within an organization.