Palmer Hand Clinic Has the Following Accounts and Balances: Cash

question 77

Multiple Choice

Palmer Hand Clinic has the following accounts and balances: Cash, $2,350
Accounts Receivable, $280
Professional Equipment, $1,200
Office Equipment, $6,700
Accounts Payable, $4,380
P.Palmer, Capital, $2,000
Income from Services, $6,000
Rent Expense, $1,850
What is the amount of assets?

• A)$10,250
• B)$2,350
• C)$10,530
• D)$16,530

---

Definitions:

Diploid

A cell or organism having two sets of chromosomes, one from each parent, typical of somatic cells in animals and plants.

Chitin

A long-chain polymer of N-acetylglucosamine, a derivative of glucose, found in the exoskeletons of arthropods and cell walls of fungi.

Cellulose

A complex carbohydrate that is the primary component of plant cell walls, providing structural support.

Euglenoids

A diverse group of unicellular protists characterized by their ability to move via flagella and photosynthesize like plants.