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This Question: 2 pts 28 of 70 (53 complete) This Test: 150 pts Lori Nichols started an engineering firm, Engineering Enterprises P.C. During its first

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This Question: 2 pts 28 of 70 (53 complete) This Test: 150 pts Lori Nichols started an engineering firm, Engineering Enterprises P.C. During its first month of operations, the following transactions were completed: I Lori invested $34,000 in the business, which in turn issued common stock to her. II. The business purchased equipment on account for $10,000 III. The business provided engineering services on account, $13,000. IV. The business paid salaries to the receptionist, $4,000. V. The business received cash from a customer as payment on account $10,000 VI. The business borrowed $10,000 from the bank, issuing a note payable. At the end of the month, cash equals: O A. $50,000 OB. $40,000 OC. $81,000 D. $34,000

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