Sharon Foods,Inc

question 148

Multiple Choice

Sharon Foods,Inc.reported the following transactions for September 2017.
a) The business received $22,000 cash and issued common stock.It was credited to Common Stock.
b) The business purchased office equipment for $9,000 for which $2,500 cash was paid and the balance was put on a note payable.
c) Paid insurance expense of $1,500 cash.
d) Paid the September utility bill for $900 cash.
e) Paid $1,500 cash for September rent.
f) The business had sales of $11,000 in September.Of these sales,60% were cash sales,and the balance was credit sales.
g) The business paid $8,000 cash for office furniture.
What are the total liabilities at the end of September,2017?

• A)$11,000
• B)$1,500
• C)$6,500
• D)$9,000

Describe various theories related to dreams and their interpretations.

Recognize the effects of sleep deprivation and disorders on physical and mental health.

Understand the role and mechanism of biological rhythms, including circadian rhythms, in regulating sleep-wake cycles.

Comprehend the concepts and theories related to consciousness and its various states.

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Definitions:

Accounting Equation

A basic principle of accounting that represents the relationship between an entity's assets, liabilities, and owners' equity (Assets = Liabilities + Owners' Equity).

Accounts Payable

Obligations a company owes to its suppliers or creditors for goods and services received but not yet paid for.

Cash

Liquid currency and coins that are accepted as a medium of exchange for goods and services.

Risk

The possibility of experiencing loss or damage as a result of making a particular decision or taking a certain action.