The Following Transactions Have Been Journalized and Posted to the Proper

question 83

Essay

The following transactions have been journalized and posted to the proper accounts.
1)Mark Call invested $7,000 cash in his new design services business.
2)The business paid the first month's rent of $700.
3)The business purchased equipment by paying $2,000 cash and executing a note payable for $4,500.
4)The business purchased supplies for $850 cash.
5)The business billed a client for $4,000 of design services completed.
6)The business received $3,000 of the account for the completed services.
What is the balance in Cash?
A) $7,850
B) $6,450
C) $8,450
D) $8,150

• A) $7,850
• B) $6,450
• C) $8,450
• D) $8,150

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Definitions:

Moral Reasoning

The process of determining right or wrong in a given situation based on ethical principles and moral values.

Kohlberg's Principles

A theory of moral development proposed by Lawrence Kohlberg, describing how individuals evolve their understanding of morality through different stages.

Universal

Pertaining to or affecting all members of a class or category without exception; applicable everywhere or in all cases.

Instrumental Purpose

The use of rational calculation to achieve individual goals, often highlighted in moral development or decision-making scenarios.