Given the following transactions, what is the balance in the cash account? 1. The owner...

50.1K

Verified Solution

Question

Accounting

Given the following transactions, what is the balance in the cash account?

1. The owner started the company by investing $9,000 cash.

2. The company paid $3,000 for equipment.

3. The company performed $1,500 of services on account.

4. The company paid expenses totaling $800.

$10,500

$5,200

$8,500

$9,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students