Using the Alphabetical List of Account Balances Presented Below, All

question 93

Essay

Using the alphabetical list of account balances presented below, all of which are normal, prepare a trial balance for T. and C. Company at June 30, 2010, in proper order. Compute the balance of the Cash account.
$\begin{array}{lr}\text { Accounts Payable } & \$ 140 \\\text { Accounts Receivable } & 280 \\\text { Cash } & ? \\\text { Equipment } & 400 \\\text { Office Expense } & 180 \\\text { Rita Mason, Capital } & 440 \\\text { Service Revenue } & 300\end{array}$

---

Definitions:

Poison Pill Defense

A strategy used by companies to prevent or deter hostile takeovers by making the target company less attractive to the acquirer.

Greenmail Arrangement

A situation where a company buys back its own shares from a potential acquirer at a higher price to avoid a takeover attempt.

Pre-Offer Strategy

A plan devised prior to making an offer, typically in negotiation or bidding contexts, to maximize successful outcomes.

Tender Offer

A public proposal made by a person or company to shareholders to buy shares of a corporation, typically at a premium over the market price.