Following Are Transactions of Gotebo Tanners,Inc

question 5

Multiple Choice

Following are transactions of Gotebo Tanners,Inc.,a new company,during the month of January 2012: 1.Issued 10,000 shares of common stock for $15,000 cash.
2) Purchased land for $12,000,signing a note payable for the full amount.
3) Purchased office equipment for $1,200 cash.
4) Received cash of $14,000 for services provided to customers during the month.
5) Purchased $300 of office supplies on account.
6) Paid employees $10,000 for their first month's salaries.
What was the balance of Gotebo's Cash account following these six transactions?

• A)$29,800.
• B)$19,300.
• C)$17,800.
• D)$22,400.

---

Definitions:

Behavior

The actions or reactions of an object or organism, often in relation to its environment.

Anterior Cingulate

The front part of the cingulate, a brain structure that runs from the front to the back of the brain in the middle, just above the corpus callosum. The anterior cingulate is believed to be important for the experience of normal emotion and self-control.

Discrepancy

A difference or inconsistency between two or more elements, such as expectations versus reality.

Yellow Bile

One of the four humors in ancient Greek and Roman medicine, thought to be associated with anger and bad temper.