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

---

Definitions:

Directly

In a straightforward or unmediated manner; without any intermediary.

Electoral College

A body established by the U.S. Constitution to elect the President and Vice President, comprising electors from each state who vote based on the popular vote in their state.

Controversial Results

Refers to outcomes that provoke debate, disagreement, or discord among individuals or groups due to differing opinions or interpretations.

Party-Column Ballot

A ballot where candidates are listed by party and voters may choose candidates from one party using a straight-ticket option or select candidates from multiple parties.