Question 6
For the remaining questions, please consider the following transactions that happened upon the incorporation of Berry Company by its owner, John Berry, during the first week of January:
· It received €50,000 in cash from John Berry as capital.
· It borrowed €30,000 from a local bank.
· It purchased €15,000 of equipment for cash.
· It purchased €20,000 of inventory on account.
· It pre-paid €3,000 for the office rent and €2,000 for the insurance.
What is the cash balance at the end of the week?
A. €60,000
B. €50,000
C. €40,000
Answers
Answered by
0
Answer:
answer A.
€60,000.......................
Answered by
0
Answer:
Answer B)€50,000 because I know it
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