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The Following Transactions for the Month of March Have Been $7,000\$ 7,000

Question 83

Multiple Choice

The following transactions for the month of March have been journalized and posted to the proper accounts. Mar, 1 The business received $7,000\$ 7,000 cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $700\$ 700 .
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $8,000.
Mar. 4 Iurchased office supplies for $700cash\$ 700 \mathrm { cash } .
Mar. 5 Eilled a client for $10,000\$ 10,000 of design services completed.
Mar. 6 Received $7,800\$ 7,800 on account for the services previously recorded. What is the balance in Cash on March 6?


A) $11,100
B) $10,400
C) $13,400
D) $11,800

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