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A business owner reported the following transactions for the first four months of her business starting on Jan 1, 2020 She invested $100,000 into the
A business owner reported the following transactions for the first four months of her business starting on Jan 1, 2020 She invested $100,000 into the business account. She paid $3,000 for repairs. She received $40,000 from customers for service. There is an unpaid repair bill of $500. She paid $8,000 wages to her employees. She withdrew $10,000 for her personal use She prepaid $1,200 for one year insurance on Jan 1, 2020. One of her customers owes her $2,000 for a completed service. Included in $40,000 that she received from customer, is $3,000 prepaid by a customer for a service due in August. She has not provided that service yet. One of the employees who worked for 10 days, 8 hours per day, $20 per hour, has not yet been paid yet. Answer the following questions for April 30, 2020: a. How much is insurance expense for the first four months? a $400 Ob. $300 Oc 5800 Od $100 b. How much is the balance of Prepaid Insurance? a $400 Ob: 5300 Oc$800 Od $100 c. How much is the amount of Unearned Revenue? Oa $2,000 Ob. $3,000 Oc.$1,000 Od $37.000 d. How much is the amount of A/R? Oa54,000 Ob. 55,000 Oc$3,000 Od. 52,000 e. How much revenue has she earned in the first four months of her business? O $38,000 Ob 539,000 c$40,000 Od: 541,000 f. How much cash does her business own? Oa5100,800 Ob $140.800 OC.$117,800 Od. $ 119,900 9. How much is the amount of the business assets? Oa $120,400 Ob $120,600 Oc5117,800 ed $119,800 h. How much is the amount of W/P? Oa $1,600 Ob. $9,000 Oc59,600 Od $6,600 1. How much is Wages Expense? a $1,600 Ob. 59.000 Oc$9,600 Od $6,600 J. How much is Repair Expense? Oas500 Ob $2.500 Oc$3,500 Od.53,000 k. How much Liabilities does her business have? Ca$3,500 ob, 52,100 Oc$5,100 Od $1,600 1. How much is her business' total expenses? a $13,500 Ob. $23,500 Oc$14,300 Od: $15,800 m. How much is the amount of OE for her business? Oh 123 Son 5114300 Od 115.500 DA S113.500 ere to search LOO ? 17C C
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