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The Following Transactions for the Month of March Have Been $9,000\$ 9,000

Question 36

Multiple Choice

The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received $9,000\$ 9,000 cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $8O0.
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $5,000.
Mar. 4 Iurchased office supplies for $750cash\$ 750 \mathrm { cash } .
Mar. 5 Eilled a client for $10,000\$ 10,000 of design services completed.
Mar. 6 Received $8, 000 on account for the services previously recorded.
- What is the balance in Cash?


A) $13,250
B) $12,450
C) $15,450
D) $14,000

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