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

Comprehend the significance of personal branding and how it can be enhanced through various platforms.

Acknowledge the impact of business news and industry trends on job search strategies.

Learn the importance of job search timing and starting early on career planning activities.

Realize the value of researching professions, industries, companies, and managers for job applications.

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Definitions:

Anal Stage

The second stage in Freud's psychosexual development theory, occurring roughly between the ages of 18 months and three years, where the focus of pleasure is on the anus.

Psychosexual Stages

The stages of psychological development theorized by Freud, through which a child progresses from infancy to adulthood, each characterized by a different focus of libido (sexual energy).

Fixated

A psychological term referring to the state of being obsessively focused or attached to an emotional experience or person from one's past.

Oral Stage

The first of Freud's psychosexual development stages, occurring from birth to about 18 months of age, where pleasure centers on the mouth.