Zed Bennett Opened an Art Gallery and as a Dealer

question 128

Multiple Choice

Zed Bennett opened an art gallery and as a dealer completed these transactions: Started the gallery, Artery, by investing $40,000 cash and equipment valued at $18,000.
2) Purchased $70 of office supplies on credit.
3) Paid $1,200 cash for the receptionist's salary.
4) Sold a painting for an artist and collected a $4,500 cash commission on the sale.
5) Completed an art appraisal and billed the client $200.
What was the balance of the cash account after these transactions were posted?

• A) $12,230.
• B) $12,430.
• C) $43,300.
• D) $43,430.
• E) $61,430.

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Definitions:

Emotional Abuse

An insidious form of abuse that involves the degradation of someone's sense of identity, self-worth, or dignity, primarily through verbal assault, humiliation, or intimidation.

Opportunities

Situations or conditions that present chances for advancement or success.

Peers

Individuals who are of approximately the same age, social status, or interest group, often influencing each other’s behaviors and beliefs.

Child Maltreatment

Behavior towards a child that is outside the norms of conduct and entails substantial risk of causing physical or emotional harm.