Newcomb Company Began Operations on December 1, 2013

question 66

Multiple Choice

Newcomb Company began operations on December 1, 2013. The following transactions were recorded in December: 1) The business received $3,000 cash from the issuance of common stock to its stockholders.
2) Provided services on account for $2,500.
3) Paid $1,500 cash for land.
4) Accrued $1,000 of salaries expenses.
5) Purchased $300 of supplies on account to be used in January.
6) Collected $1,300 from customers.
At December 31, 2011, the total debits in the company's adjusted trial balance would be

• A)$6,800.
• B)$5,300.
• C)$2,700.
• D)None of these.

---

Definitions:

Tort Of Trespass

A wrongful invasion or intrusion upon another person's land or property without their permission or legal right.

Wrong Person's Garage

A situation involving mistakenly entering or using someone else's garage premises, potentially leading to trespassing or property disputes.

Garage Sale

A sale of used household or personal items held privately, typically in the seller's garage or yard.

Battery

A criminal offense involving the unlawful physical acting upon a threat, notably harming another person.