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.

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