Question
Maryam owns a company which provides printing services. Transactions of the company during the first year of operations are given below: A) Maryam contributed $14,000
Maryam owns a company which provides printing services. Transactions of the company during the first year of operations are given below:
A) Maryam contributed $14,000 into a new checking account for the business and recorded capital contribution.
B) Paid $2,000 for printing equipment
C) Borrowed $15,000 from a local bank and deposited the money in the checking account.
D) Paid $600 as rent for the year.
E) Paid $500 for supplies to be used on various jobs in the future.
F) Provided a printing service and received $3,000.
Calculate the amount of total assets balance at the end of the first year.
Select one:
a. $29,000
b. $31,900
c. $31,400
d. $2,000
please asnwer this question asap
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