ABC Services Reported the Following Transactions for September,2013

question 112

Essay

ABC Services reported the following transactions for September,2013.
A.The owner opened the business with a capital contribution of $23,500 cash.It was credited to Capital.
B.The business purchased office equipment for $11,500.The business paid $2,500 cash down and put the balance on a note payable.
C.The business paid insurance expense of $1,350 cash.
D.The business paid a utility bill for $980 cash.
E.The business paid $2,000 cash for September rent.
F.The business had sales of $12,000 in September.Of these sales,60% were cash sales,and the balance was credit sales.
G.The business paid $9,700 cash for office furniture.
What are the total liabilities at the end of September,2013?
A)$980
B)$2,330
C)$9,000
D)$4,800

• A)$980
• B)$2,330
• C)$9,000
• D)$4,800

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Definitions:

Chronic Stressor

A persistent source of stress that continuously affects an individual over an extended period, potentially leading to long-term health issues.

Challenge

A task or situation that requires a person to engage in effortful processing to overcome obstacles.

Threat

A declaration or implication of intent to inflict harm or loss on others.

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An increase in the size of the adrenal glands, which can be due to various conditions and may affect hormone production and release.