What Would Be the Account Balance in the Cash Ledger

question 122

Multiple Choice

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

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

---

Definitions:

Shield Volcano

A broad, domed volcano with gently sloping sides, built by the eruption of fluid, basaltic lava.

Scoria Cone

A small, steep-sided volcanic cone made of glassy lava fragments that have been ejected from a volcanic vent and solidified in the air.

Caldera

A sizable volcanic cavity, usually created by a significant eruption that causes the volcano's mouth to collapse.

Vesicular Basalt

A type of basalt that is porous due to gas bubbles (vesicles) trapped within the lava as it cools on the Earth's surface.