Question: my last one :-( Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $40,400 cash and equipment

my last one :-( my last one :-( Marco Nelson opened a frame shop and completed

Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $40,400 cash and equipment valued at $18,400 in exchange for common stock. 2. Purchased $110 of office supplies on credit. 3. Paid $1,600 cash for the receptionist's salary. 4. Sold a custom frame service and collected $4,900 cash on the sale. 5. Completed framing services and billed the client'$240. What was the balance of the cash account after these transactions were posted? Multiple Choice $11,790 $12,030 $43,700 $43,830 $43.940

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $41,800 cash and equipment valued at $19,800. 2. Purchased $250 of office supplies on credit....

Marco Nelson opened a frame shop and completed these transactions 1. Marco started the shop by investing $40,900 cash and equipment valued at $18,900 2. Purchased $160 of office supplies on credit....

QUESTION 2 Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $41,600 cash and equipment valued at $19,600 in exchange for common stock 2....

QUESTION 1 4 poin Identify the accounts that would normally have balances in the debit column of a business's trial balance A. Liabilities and Revenurs B. Revenue and expenses C. Expenses and Common...

LOUC VOLHUNGU pictetekl pis tol RC LOS RIOS CANVAS INSS Website Log in to Hosting i Soved Help Save & Exit Sub On April 30. Gomez Services had an Accounts Receivable balance of $23,500. During the...

Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $40,200 cash and equipment valued at $18,200 in exchange for common stock. 2. Purchased $90...

B. A decrease of $43,500 C. An increase of $22,500 D. A decrease of $22,500 E. An increase of $43,500 QUESTION 2 Marco Nelson opened a frame shop and completed these transactions: 1. Marco started...

Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $40,800 cash and equipment valued at $18,800 in exchange for common stock 2. Purchased $150...

Marco Nelson opened a frame shop and completed these transactions: 1. Marco started the shop by investing $41,900 cash and equipment valued at $19,900 in exchange for common stock. 2. Purchased $260...

Nadia likes spare ribs, R, and fried chicken, C. Her utility function is U = 10R2C. Her marginal utilities are MUR = 20RC and MUC = 10R2. Her weekly income is $ 90, which she spends on only ribs and...

A salesperson makes four calls per day. A sample of 100 days gives the following frequencies of sales volumes. Records show sales are made to 30% of all sales calls. Assuming independent sales calls,...

You have calculated an NPV of $ 8 0 0 ? acre for an 8 0 - year rotation of red maple using a 7 % interest. ( This is the NPV of one 8 0 - year rotation ) . a . ) What is the EAI? ( 5 Pis. ) b . )...

According to Charles Berger's strategies for seeking information, which of the following strategies involves asking a third party for information and relying on one's ability to filter out any biases...

Name and explain the issue underlying the pay gap between Roger and Bianca.

Define indirect financial compensation (employee benefits).

Do you feel that David was justified in insisting that the job, not the person, be evaluated? Discuss.