The Following Information Applies to the Questions Displayed Below

question 22

Multiple Choice

The following information applies to the questions displayed below.

Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions:
1) issued stock for $40,000
2) borrowed $25,000 from its bank
3) provided consulting services for $39,000
4) paid back $15,000 of the bank loan
5) paid rent expense for $9,000
6) purchased equipment costing $12,000
7) paid $3,000 dividends to stockholders
8) paid employees' salaries, $21,000

-What is Yowell's ending notes payable balance?

• A)$0
• B)$25,000
• C)($15,000)
• D)$10,000

---

Definitions:

Permeable

Capable of allowing fluids or gases to pass through it.

K+

Potassium ion, a key electrolyte in the body involved in nerve function, muscle contraction, and fluid balance.

Leak Ion Channels

Channels in cell membranes that allow ions to pass through without the need for stimulus, balancing cellular ion concentrations and membrane potentials.

Myofilament

Protein filaments, including actin and myosin, that are the fundamental components of muscle contraction.