What Would Be the Account Balance in the Cash Account

question 179

Multiple Choice

What would be the account balance in the Cash account after the following transactions,assuming a zero beginning balance?
$\begin{array}{|l|l|}\hline \text { Owner invested cash. } & \$ 100,000 \\\hline \text { Purchased supplies with cash. } & \$ 20,000 \\\hline \text { Received bill for one month of rent. } & \$ 2,200 \\\hline \text { Paid wages. } & \$ 800 \\\hline \text { Billed customer for services performed services } & \$ 1,250\\\hline \end{array}$

• A) $124,250
• B) $80,150
• C) $78,250
• D) $79,200
• E) $80,450

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Definitions:

Foreign Direct Investment

A company or individual from one country putting money into business interests in another nation, either by setting up business operations or by purchasing business assets.

Export Processing Zones

Special areas within countries where imported materials undergo processing or manufacturing before being exported again, typically benefiting from incentives like tax exemptions.

Fiscal Policy

Economic policies used by a government, involving changes in taxation and spending, to influence the economy.

Monetary Policy

Refers to the actions undertaken by a nation's central bank to control the money supply to achieve macroeconomic goals that promote sustainable economic growth.