Larry Bar Opened a Frame Shop and Completed These Transactions

question 64

Multiple Choice

Larry Bar opened a frame shop and completed these transactions: 1.Larry started the shop by investing $40,000 cash and equipment valued at $18,000 in exchange for common stock.
2.Purchased $70 of office supplies on credit.
3.Paid $1,200 cash for the receptionist's salary.
4.Sold a custom frame service and collected $1,500 cash on the sale.
5.Completed framing services and billed the client $200.
What was the balance of the cash account after these transactions were posted?

• A)$300.
• B)$41,500.
• C)$40,300.
• D)$38,500.
• E)$38,700.

Knowledge of the incentive spirometer's role in lung health and recovery post-surgery.

Understanding the timing and rationale for prophylactic antibiotic therapy in surgical patients.

Awareness of safe patient practices during surgery, including handling personal items.

Recognizing discharge criteria and essential assessments for post-surgical care.

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Definitions:

Council of Economic Advisers

A group of economists appointed by the President of the United States to provide objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues.

Executive Office

The Executive Office of the President is comprised of the immediate staff of the President, as well as multiple levels of support staff who report directly to the President and are responsible for a wide range of tasks and coordination of national policies.

Constitutional Task

A duty or responsibility that is outlined or mandated by a constitution.

Vice President

The second-highest executive officer in a governmental administration, who acts as deputy to the president, with duties and responsibilities that can vary widely depending on the administration.