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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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