The broad principle that requires expenses to be reported in the same period as the revenues that were earned as a result of those expenses is the:

1-Recognition principle.

2- Cost principle.

3-Cash basis of accounting.

4-Matching principle.

5-Time period principle.

___________________________________________________________________________________

What would be the account balance in the Cash account after the following transactions, assuming a zero beginning balance?

$124,250

$80,150

$78,250

$79,200

$80,450

What would be the account balance in the Cash account after the following transactions, assuming a zero beginning balance?

Owner invested cash.	$120,000
Purchased supplies with cash.	$30,000
Received bill for one month of rent.	$3,200
Paid wages.	$1,800
Billed customer for services performed.	$2,250

$90,150

$90,450

$87,250

$88,200

$157,250