Consider the Following Transactions: I

question 6

Multiple Choice

Consider the following transactions: I. Owners invested $8,000 cash to begin the business
II. Provided services for cash, $6,000
III. Provided services on account, $4,000
IV. Paid cash for expenses, $7,500
How much cash does the business have?

• A)$ 2,500
• B)$ 4,500
• C)$ 6,500
• D)$10,500