The following transactions are given: 1. On March 3, Mr. Smith invested $250,000 cash, $100,000...
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The following transactions are given: 1. On March 3, Mr. Smith invested $250,000 cash, $100,000 worth of building and $100,000 worth of vehicles for the establishment of Blue Company. 2. On March 5, Blue Company purchased Office equipment for $100,000 paying $80,000 in cash and signing a 3-month note for the remaining value. 3. On March 19, Blue Company purchased supplies $5,000 due in 20 days. 4. On March 28, Blue Company paid for the supplies purchased on March 19. As a result of these transactions, what is the ending balance of CASH account? $165,000 $50,000 $100,000 $65,000
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