Solved

Lori Nichols Opened an Engineering Office and Titled the Business

Question 52

Multiple Choice

Lori Nichols opened an engineering office and titled the business Engineering Enterprises P.C.During its first month of operations,it completed the following transactions: I.Lori invested $30,000 in the business,which in turn issued common stock to her.
Lori Nichols opened an engineering office and titled the business Engineering Enterprises P.C.During its first month of operations,it completed the following transactions: I.Lori invested $30,000 in the business,which in turn issued common stock to her.   V.The business borrowed $8,000 from the bank,issuing a note payable. At the end of the month,Cash would equal: A) $30,000. B) $37,000. C) $43,000. D) $61,000. V.The business borrowed $8,000 from the bank,issuing a note payable.
At the end of the month,Cash would equal:


A) $30,000.
B) $37,000.
C) $43,000.
D) $61,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions