Business, 17.01.2022 07:50 jonesnr10

Following are transactions of Lamb, Inc., a new company, during the month of January: Issued 10,000 shares of common stock for $15,000 cash.
Purchased land for $12,000, signing a note payable for the full amount.
Purchased office equipment for $1,200 cash.
Received cash of $14,000 for services provided to customers during the month.
Purchased $300 of office supplies on account.
Paid employees $10,000 for their first month's salaries.
What was the balance of Lamb’s Cash account following these six transactions?

Group of answer choices

$29,800

$19,300

$17,800

$22,400

$21,100

Answers: 2

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Following are transactions of Lamb, Inc., a new company, during the month of January: Issued 10,00...

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