During the Month of February, Victor Services Had Cash Receipts

question 230

Multiple Choice

During the month of February, Victor Services had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the February 1 beginning cash balance?

• A) $2,900.
• B) $700.
• C) $0.
• D) $4,300.
• E) $1,100.

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Definitions:

Lay Witness

An individual who provides testimony in a legal proceeding about what they observed or experienced directly, not requiring specialized knowledge or expertise.

Nonattorney Status

The classification of an individual who is not licensed to practice law or deliver legal advice.

Initial Client Interview

The first meeting between a client and a professional (usually a lawyer) to discuss the client’s issue, objectives, and possible representation.

Expert Witness

A specialist in a particular field whose opinion may help a court understand evidence or determine the fact of an issue.