[The Following Information Applies to the Questions Displayed Below

question 138

Multiple Choice

[The following information applies to the questions displayed below.]
The following transactions occurred during March,the first month of operations for Quality Galleries,Inc.:
* Capital stock was issued in exchange for $360,000 cash.
* Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance.
* Made a $35,000 cash payment on the note payable from the purchase of equipment.
* Sold a piece of equipment for cash of $18,000.The equipment was sold at cost,so there is no gain or loss on the sale.
-What is the balance in the Cash account at the end of March?

• A)$283,000
• B)$343,000
• C)$318,000
• D)$378,000

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Definitions:

Neoliberal Market Ideology

An economic philosophy advocating for reduced government intervention, free markets, and an enhanced role for the private sector in economic activities.

Worker's Needs

The essential requirements and conditions that employees seek in their employment, including fair compensation, safe working conditions, and respect for their rights.

Suggestion Box

A physical or digital repository for collecting anonymous ideas and feedback from a group or community.

Labor Relations

The study and practice of managing relationships between employers and employees, focusing on collective bargaining, workers' rights, and dispute resolution.