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What Would Be the Account Balance in the Cash Account

Question 196

Multiple Choice

What would be the account balance in the Cash account after the following transactions, assuming a zero beginning balance?  Owner invested cash. $100,000 Purchased supplies with cash. $20,000 Received bill for one month of rent. $2,200 Paid wages. $800 Billed customer for services per formed services $1,250\begin{array}{|l|l|}\hline \text { Owner invested cash. } & \$ 100,000 \\\hline \text { Purchased supplies with cash. } & \$ 20,000 \\\hline \text { Received bill for one month of rent. } & \$ 2,200 \\\hline \text { Paid wages. } & \$ 800 \\\hline \text { Billed customer for services per formed services } & \$ 1,250 \\\hline\end{array}


A) $124,250
B) $80,150
C) $78,250
D) $79,200
E) $80,450

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