Given the Following Transactions,what Is the Ending Balance in the Cash

question 120

Multiple Choice

Given the following transactions,what is the ending balance in the Cash account? 1.The owner started the company by investing $6,000 cash.
2) The company paid $1,200 for 6 months' rent in advance.
3) The company acquired $2,400 in merchandise inventory with one-half of the purchase on account.
4) The company sold merchandise inventory costing $1,500 for $3,100 on account.

• A)$3,600 debit balance
• B)$3,600 credit balance
• C)$5,100 credit balance
• D)$4,800 debit balance
• E)$4,800 credit balance

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Definitions:

Book Value Per Share

A financial measure that calculates the per share value of a company based on common shareholders' equity in the business.

Assets

Resources owned or controlled by a business, entity, or individual with the expectation that they will provide future economic benefit.

Liabilities

Financial obligations or debts that a company or individual owes, which can include loans, accounts payable, mortgages, and other amounts due to third parties.

Constant-Growth DDM

A dividend discount model that assumes dividends grow at a constant rate indefinitely, used to estimate the value of a stock.