Following Are Transactions of Gotebo Tanners, Inc

question 2

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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Definitions:

Comparative Case Studies

Research methods that involve the detailed comparison and analysis of two or more cases, entities, or situations to draw insights and understand differences or similarities.

Same-Source Survey Studies

Research methods that involve collecting data on several variables from the same respondents, often used to assess relationships among these variables.

Field Experiments

Research studies conducted in real-world settings, outside of the laboratory, to test hypotheses in a natural environment.

Longitudinal Field Studies

Research conducted over a period of time to observe and study changes in a particular group or setting within its natural context.