Meridian Furniture Had the Transactions for the Month That Are

question 161

Multiple Choice

Meridian Furniture had the transactions for the month that are summarized below. Purchased $3,600 in supplies with cash.
Issued 400 shares of stock for $45 per share.
Ordered supplies at a cost of $8,000.
Paid a utility bill for $1,000.
If the Cash account had a beginning balance of $20,000,what was the balance at the end of the month?

• A)$22,600
• B)$25,400
• C)$33,400
• D)$40,600

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Definitions:

Comparative Anatomy

The study of similarities and differences in the anatomy of different species, often to understand evolutionary relationships.

Continental Drift

The gradual movement of the continents across the earth's surface through geological time.

Primitive Plants

Early-evolving plant species that lack complex structures such as flowers and seeds, including mosses, liverworts, and ferns, often found in damp, shaded environments.

Early Reptiles

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