During February 2022 Its First Month of Operations the Owner

question 82

Multiple Choice

During February 2022 its first month of operations the owner of Schwenn Enterprises invested cash of $100000.Schwenn had cash sales of $20000 and paid expenses of $35000.Assuming no other transactions impacted the cash account what is the balance in Cash on February 28?

• A)$15000
• B)$85000
• C)$120000
• D)$65000

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Definitions:

Caribbean Island

Islands in the Caribbean Sea, noted for their diverse cultures, histories of colonialism, and roles in the African diaspora.

England

A country in Europe that is part of the United Kingdom, known for its rich history, monarchy, and contributions to culture and science.

John Hawkins

A 16th-century English naval commander and slave trader, notable for his role in the early years of the Atlantic slave trade.

African Slaves

African slaves were individuals forcibly taken from Africa and transported primarily across the Atlantic to the Americas to work in bondage, predominantly in the plantation system.