A Business Has the Following Transactions: the Business Is Started $$\begin{array} { r | r } { \text { Cash } } \\\hline 20,000 & \\& 2,000 \\& 3,000 \\& 500 \\1,500 & \\\hline 16,000 &\end{array}$$

question 109

Multiple Choice

A business has the following transactions: The business is started by receiving $20,000 from the owner.The business purchases $500 of supplies on account.The business purchases $2,000 of furniture on account.The business renders services to various clients totaling $9,000 on account.The business pays out $2,000 for Salary expense and $3,000 for Rent expense.The business pays $500 to a supplier for the supplies purchased earlier.The business collects $1,500 from one of its clients for services rendered earlier in the month.At the end of the month,all journal entries are posted to the ledger.The Cash account will appear as follows:

• A)
• \[\begin{array} { r | r }

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Definitions:

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Financial Reporting

The process of disclosing financial results and conditions of a company to its stakeholders and the public.

Fear of Retaliation

The apprehension individuals may feel about facing adverse actions or revenge from others as a consequence of speaking out or taking a stand.

Observed Misconduct

Unethical or unacceptable behavior within an organization or environment that has been witnessed or reported.