Merchant Company Provides Plumbing Services

question 43

Multiple Choice

Merchant Company provides plumbing services.Transactions of Merchant during the first year of operations are given below.
A.The owner,Carol Merchant,contributed $10,000 cash to form the business.
B.Paid $1,200 cash for equipment to be used for plumbing repairs.
C.Borrowed $11,000 from a local bank and deposited the money in the checking account.
D.Paid $400 rent for the year.
E.Purchased $400 of office supplies by cash.
F.Completed a plumbing repair project for a local lawyer and received $3,300 cash.
Calculate the amount of total liabilities at the end of the first year.

• A)$11,000
• B)$10,000
• C)$19,800
• D)$3,300

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Definitions:

Presynaptic Neuron

A neuron that sends a signal to a neighboring neuron across a synapse, typically releasing neurotransmitters.

Neurotransmitter

Chemicals released by neurons that transmit signals across a synapse from one neuron to another, playing key roles in shaping everyday functions and behaviors.

Postsynaptic Neuron

The neuron that receives a signal (neurotransmitter) from another neuron at a synapse.

Action Potentials

Rapid electrical impulses that travel along the neuron's membrane, enabling communication within the nervous system.