A Business Has the Following Transactions: the Business Is Started

question 82

Multiple Choice

A business has the following transactions: the business is started by receiving $20,000 from the owner. The business purchases $500 of office supplies on account. The business purchases $2,000 of furniture on account. The business renders services to various clients totaling $10,000 on account. The business pays out $2,000 for salaries expense and $3,000 for Rent Expense. Business pays $500 to supplier for the office supplies purchased earlier. The business collects $3,000 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 Accounts Receivable account will appear as:

Comprehend the variance in education processes for gifted and talented students across the U.S.

Gain knowledge about the prevalence and characteristics of autism spectrum disorder.

Discuss the educational strategies for children with special needs, including the concept of inclusion and specialized assistance.

Understand the principles and applications of response to intervention (RTI) in educational settings.

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Definitions:

Ventura County

A region located in the southern part of California, known for its agriculture, suburban lifestyle, and as part of the Greater Los Angeles area.

Strawberry Production

The cultivation and harvest of strawberries, involving processes from planting to selling the fruit.

Economic Concept

Fundamental ideas or principles that form the basis of economic theory and practice, such as supply and demand.

Trade-off

The compromise between two desirable but mutually exclusive outcomes in decision-making.