After all appropriate closing entries to the following accounts have been made, what will be the balance in the Jeff Corvette, Capital account?

Service fees revenue	$140,000
Various expenses	60,000
Jeff Corvette, capital	80,000
Jeff Corvette, withdrawals	15,000

	a.	$130,000
	b.	$80,000
	c.	$65,000
	d.	$280,000
	e.	$145,000

Z-Mart uses the perpetual inventory system and recorded the following journal entry:

Accounts Payable	2,500
Merchandise Inventory		50
Cash		2,450

The transaction was

	a.	A purchase and recognition of a cash discount taken
	b.	A return
	c.	A payment of the account payable and recognition of a cash discount taken
	d.	A return and payment of the account payable
	e.	A purchase

On December 5, Z-Mart purchased $1,800 worth of merchandise. On December 7, Z-Mart returned $800 worth of merchandise. On December 8, it paid the balance in full after taking a 2% discount. The amount of the payment was

	a.	$200
	b.	$1,000
	c.	$1,600
	d.	$980
	e.	$1,800