Following Are Transactions of Gotebo Tanners, Inc

question 134

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 total amount of Gotebo's liabilities following these six transactions?

• A) $12,300.
• B) $27,300.
• C) $22,600.
• D) $15,500.

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Definitions:

Binge-Eating Disorder

A disorder characterized by recurrent episodes of eating large quantities of food, often quickly and to the point of discomfort.

Bulimia Nervosa

A disorder involving cycles of excessive eating followed by efforts to avoid weight gain through purging.

Purging

Engaging in behaviors such as vomiting or using laxatives to expel food from the body, often associated with eating disorders.

Excessive Exercise

Engaging in physical activity to an extreme level that surpasses health benefits, often resulting in physical harm, psychological distress, or interference with usual activities.