It’s b I already did the question
Fees charge = 2%
Investment worth = $500,000
Amount due = 2/100 * 500,000 = 10,000
The amount Andrew will receive as compensation is $10,000.
Answer:
The balance of the cash account after these transactions were posted for $40,300
Explanation:
The computation of the balance of the cash account is shown below:
= Cash invested - paid cash for the receptionist's salary + cash collection for giving custom frame service
= $40,000 - $1,200 + $1,500
= $40,300
The other items which are mentioned in the question reflected credit sales so we do not consider these items.
