Question
d Please anwser all MCQ based on the following business transactions. Oct. 1 Aster Turane invested $46,000 cash, a $16,000 computer system, and $15,000 of
d Please anwser all MCQ based on the following business transactions. Oct. 1 Aster Turane invested $46,000 cash, a $16,000 computer system, and $15,000 of office equipment in the business. 2 Paid six months of rent in advance; $9,000. 3 Purchased computer supplies on credit for $1,975 from Triple-One Supplies. 5 Paid $8,640 cash for one year's premium on a property and liability insurance policy. 6 Billed Norton Electric $8,300 for installing a new computer system. 8 Paid for the computer supplies purchased from Triple-One Supplies. 10 Hired Donald Gee as a part-time assistant for $345 per day, as needed. 12 Billed Norton Electric another $1,850 for computer services rendered. 15 Received $1,650 from Norton Electric on its account. 17 Paid $375 to repair equipment damaged when moving into the new office. 20 Paid $2,000 for an advertisement in the local newspaper. 22 Received the balance owing from Norton Electric on its account. 28 Billed Whistler Resort $6,400 for services. 31 Paid Donald Gee for nine days' work. 31 Aster Turane withdrew $1,200 cash from the business for personal use.
Quetion 1.
How much is the wage expense is this month?
-
5040
5040
-
65960
65960
-
13550
13550
-
3105
-
Question 2.
What is the balance of the cash account at the month end?
-
29855
29855
-
23905
23905
-
28600
28600
-
29600
-
question3.
What is the balance of the computer equipment account at the month end?
-
35040
35040
-
25040
25040
-
15040
15040
-
16000
-
question 4.
What is the balance of the office equimpent account at the month end?
-
13000
13000
-
15000
15000
-
12000
12000
-
15040
-
question 5.
How much is the repairs expense is this month?
-
760
760
-
750
750
-
350
350
-
375
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