A Business Has the Following Transactions: • the Business Receives

question 100

Multiple Choice

A business has the following transactions: • The business receives $25,000 cash and issues common stock to stockholders.
• The business purchases $800 of office supplies on account.
• The business purchases $4,000 of furniture on account.
• The business renders services to various clients totaling $17,000 on account.
• The business pays $2,000 for salaries expense and $5,000 for rent expense.
• The business pays $800 to a 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.Accounts Receivable will appear as which of the following?

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Definitions:

Restrictions On Voting

Legal or systemic barriers implemented to limit individuals or groups from participating in the electoral process.

Pennsylvania Constitution

The fundamental governing document of the Commonwealth of Pennsylvania, initially adopted in 1776, outlining the state's government structure and rights of citizens.

Colonial Social Order

The structuring of society in colonial times, often characterized by a clearly defined hierarchy and division based on class, race, and occupation.

Revolutionary War

The conflict between thirteen British colonies in North America and Great Britain from 1775 to 1783, resulting in the independence of the colonies and the formation of the United States.