The Following Transactions Have Been Journalized and Posted to the Proper

question 80

Multiple Choice

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 of $700.
4. The business purchased supplies for $850 cash.
5. The business billed a client for $4,000 of design services completed.
6. The business received $3,000 of the account for the completed services.
What is the balance in Cash?

• A)$7,850
• B)$6,450
• C)$8,450
• D)$8,150

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Definitions:

Angiosperms

A group of plants that have flowers and produce seeds enclosed within a carpel; the largest group of living plants.

Celery Stalks

The long, fibrous, edible portions of the celery plant, commonly consumed as a vegetable or used in cooking for their flavor.

Vegetable

a plant or part of a plant used as food, typically excluding fruits, seeds, nuts, and sweet or savory plant products that are considered culinary fruits, grains, or spices.

Archegonium

A female reproductive structure in plants and certain algae, where the egg cell is produced and fertilization occurs.