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Meridian Furniture Had the Transactions for the Month That Are

Question 161

Multiple Choice

Meridian Furniture had the transactions for the month that are summarized below. Purchased $3,600 in supplies with cash.
Issued 400 shares of stock for $45 per share.
Ordered supplies at a cost of $8,000.
Paid a utility bill for $1,000.
If the Cash account had a beginning balance of $20,000,what was the balance at the end of the month?


A) $22,600
B) $25,400
C) $33,400
D) $40,600

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