Kizspy | Question: 4
(Choose 1 answer)
John set up a new business and complete these transactions:
1.
2.
3.
4.
Open new restaurant, by investing $30,000 cash and equipment valued at $10,000.
Purchased $1,000 of kitchen utility on credit.
Paid $1,500 cash for the staff's salary.
Service meals to customers and collected $4,000 cash
What was the balance of the cash account after these transactions were posted?
A. $46,500
B. $42,500
C. $45,500
D. $31,500
E. $32,500
