Solved

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

Question 148

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 $800.
Mar. 3 Turchasad equipment by paying $3,000 cash and executing a note payable for $5,000.
Mar. 4 Iurchasod Office Supplies for $750cash\$ 750 \mathrm { cash } .
Mar. 5 Eilled a client for $10,000 of design services completed.
Mar. 6 Received $8,000 on account for the services previously recorded.
- What is the balance in Accounts Receivable?


A) $8,000
B) $2,000
C) $5,000
D) $10,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions