Crusoe Waterworks Company Provides Plumbing Services

question 157

Multiple Choice

Crusoe Waterworks Company provides plumbing services.Transactions of Crusoe Waterworks during the first year of operations are given below.
A.The owner,Robin Crusoe,invested $5,000 cash in the company.The cash was deposited in the business checking account.
B.Paid $4,000 cash for equipment to be used for plumbing repairs.
C.Borrowed $26,000 from a local bank and deposited the money in the checking account.
D.Paid $700 rent for the year.
E.Purchased $1,500 of office supplies on account.
F.Completed a plumbing repair project for a local lawyer and received $3,400 cash.
Calculate the amount of total owner's equity after recording the transactions.Assume office supplies of $1,500 are left at the end of the year.

• A)$7,700
• B)$3,400
• C)$5,000
• D)$26,000

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Definitions:

Interpersonal

Pertaining to the relationships or interactions between individuals.

Variability

The measure of how much data points in a set differ from the average or mean value.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values around the mean, used to understand how spread out the data points are.

Heritability

The proportion of variation in traits in a population that can be attributed to genetic differences between individuals.