During January 2015, the First Month of Operations, a Consulting

question 129

Multiple Choice

During January 2015, the first month of operations, a consulting firm had following transactions:
1.Issued common stock to owners in exchange for $20,000 cash.
2.Purchased $5,000 of equipment, paying $1,000 cash and signing a promissory note for $4,000.
3.Received $9,000 in cash for consulting services performed in January.
4.Purchased $1,500 of supplies on account; all of the supplies were used in January.
5.Provided consulting services on account in the amount of $16,000.
6.Paid $750 on account.
7.Paid $3,000 to employees for work performed during January.
8.Received a bill for utilities for January of $3,400; the bill remains unpaid.
-Use the information above to answer the following question.What is subtotal of expenses that will be reported on the income statement for the month ended January 31?

• A) $3,750.
• B) $7,900.
• C) $8,150.
• D) $4,500.

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Definitions:

Hypothalamus

A region of the brain responsible for hormone production and regulation of essential bodily functions such as temperature, thirst, and hunger.

Thalamus

A small structure within the brain that serves as a relay station for information between the cerebral cortex and the spinal cord or peripheral nerves.

Traumatic Brain Injuries

Physical damage to the brain caused by an external force, which can lead to temporary or permanent impairment of cognitive, physical, and psychosocial functions.

Vital Signs

Measurements of the body's most basic functions, including temperature, pulse, respiration, and blood pressure.