A Business Has the Following Transactions: the Business Is Started

question 49

Multiple Choice

A business has the following transactions: The business is started by receiving $20 000 from the owner.The business purchases $500 in supplies on credit.The business purchases $2 000 in furniture on credit.The business renders services to various clients totalling $9 000 on credit.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:

Psychological Obstacles

Internal barriers or mental hindrances that impede a person's ability to achieve goals or make beneficial decisions.

Study Limitations

Refers to the potential weaknesses or constraints within a research study that may affect the validity, reliability, or generalizability of the findings.

Future Directions

Suggested paths or developments in research or projects that indicate where efforts or studies might head next.

Theoretical Rationale

The logical basis derived from existing theories to support a research study or hypothesis.