A Business Has the Following Transactions: the Business Is Started

question 15

Multiple Choice

A business has the following transactions: The business is started by receiving $20,000 from the owner. The business purchases $500 of supplies on account. The business purchases $2,000 of furniture on account. The business renders services to various clients totaling $9,000 on account. The business pays out $2,000 for Salary expense and $3,000 for Rent expense. The business pays $500 to a supplier for the supplies purchased earlier. The business collects $1,500 from one of its clients for services rendered earlier in the month. At the end of the month, all journal entries are posted to the ledger. The Cash account will appear as follows:

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Definitions:

Screening Interview

A preliminary interview used to determine if an applicant has the basic qualifications for a position before proceeding to further stages of the hiring process.

Professional Style

The manner of conducting oneself or performing tasks in a way that is characteristic of a well-trained and skilled professional.

Nonverbal Signals

Communication cues that do not involve words, such as gestures, facial expressions, and body language.

Group Interview

Interview in which one or more interviewers meet with several candidates simultaneously.