Sharon Samson Starts a Plumbing Service Named Reliable Waterworks

question 87

Multiple Choice

Sharon Samson starts a plumbing service named Reliable Waterworks.Selected transactions are described as follows:
A.Sharon deposits $7,000 into a new checking account for the business,recording the capital contribution.
B.Reliable pays $4,000 cash for equipment to be used for plumbing repairs.
C.Reliable borrows $15,000 from a local bank and deposits the money in the checking account.
D.Reliable pays $600 rent for the first month.
E.Reliable pays $400 cash for plumbing supplies to be used on various jobs in the future.
F.Reliable completes a plumbing repair project for a local lawyer and receives $1,300 cash.
G.Sharon takes a cash withdrawal of $2,500.
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After all of the transactions,what is cash balance?

• A)$15,800
• B)$300
• C)$4,500
• D)$1,300

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Definitions:

Hepatic Portal Vein

A blood vessel that carries nutrient-rich blood from the gastrointestinal tract and spleen to the liver.

Hepatic Portal System

A network of veins that carries blood from the gastrointestinal tract and spleen to the liver, which is vital for the processing of nutrients.

Coronary Vessels

Arteries and veins that supply blood to the heart muscle, critical for its function and health.

Systolic Pressure

The pressure in the arteries when the heart beats and fills them with blood; the higher number in a blood pressure reading.