The Following Transactions Have Been Journalized and Posted to the Proper

question 84

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 with $700 cash.
3)The business purchased equipment by paying $2,000 down and executing a note payable for $4,500.
4)The business purchased supplies for $850 cash.
5)The business billed its clients a total of $4,000 for design services rendered.
6)The business collected $3,000 on account from one of its clients.
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How much was net income?
A) $700
B) $300
C) $3,300
D) $2,450

• A) $700
• B) $300
• C) $3,300
• D) $2,450

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Definitions:

Eliminate Microorganisms

The process of removing or killing bacteria, viruses, and other microbes to prevent infection or contamination.

Hand Washing

The act of cleaning hands with soap and water or an alcohol-based hand rub to remove germs, dirt, and other potentially harmful substances.

Patient Care

The services rendered by health professionals to maintain or improve a patient's health, including medical, nursing, and allied health practices.

TB Exposure

Contact with the bacteria Mycobacterium tuberculosis, which causes tuberculosis, potentially leading to infection.