Essay
ABC Services reported the following transactions for September,2013.
A.The owner opened the business with a capital contribution of $23,500 cash.It was credited to Capital.
B.The business purchased office equipment for $11,500.The business paid cash of $2,500 down and put the balance on a note payable.
C.The business purchased $1,350 of supplies on account.
D.The business paid a utility bill for $980 cash.
E.The business paid $2,000 cash for September rent.
F.The business had sales of $20,000 in September.Of these sales,60% were cash sales,and the balance was credit sales.
G.The business paid $9,700 cash for office furniture.
What is the total amount in the Cash account at the end of September,2013?
A)$15,520
B)$20,320
C)$28,320
D)$18,970
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The first step of journalizing an entry
Q2: Which of the following is the detailed
Q4: Thermo HVAC is a heating and
Q5: For Expenses,the category of account and its
Q6: A business makes a cash payment of
Q7: A business makes a cash payment for
Q8: At the end of a month,a
Q9: Which of the following is a method
Q10: The following are the ending month's
Q11: For Cash,the category of account and its