Davis Company Has the Following Accounts and Balances at the End

question 74

Multiple Choice

Davis Company has the following accounts and balances at the end of the year:
Cash, $1,200
Accounts Receivable, $280
Office Equipment, $3,000
Accounts Payable, $1,400
Income from Services, $3,500
Rent Expense, $670
Salaries Expense, $1,000
R. Davis, Capital at the beginning of the year was $2,050. Rob Davis also withdrew $800 from the company during the year. What is R. Davis, Capital, at the end of the year?

• A) $1,830
• B) $3,080
• C) $5,550
• D) $3,880

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Definitions:

Mortality

The frequency or rate of death within a specific population or demographic.

Literacy Rate

The percentage of people within a population who are able to read and write at a specified age, reflecting the level of education and access to learning resources.

China

A country in East Asia, known for its vast history, large population, and significant influence on global economics and politics.

Literacy Rates

The percentage of people in a specific age group who have the ability to read and write within a given population.