Multiple Choice
The following transactions have been journalized and posted to the proper accounts. 1. Mark Call invested $7,000 cash in his new design services business.
2. The business paid the first month's rent of $700. 4. The business purchased supplies for $850 cash.
5. The business billed a client for $4,000 of design services completed.
6. The business received $3,000 of the account for the completed services.
What is the balance in Cash?
A) $7,850
B) $6,450
C) $8,450
D) $8,150
Correct Answer:

Verified
Correct Answer:
Verified
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