Multiple Choice
The following transactions for the month of March have been journalized and posted to the proper accounts. Mar, 1 The business received cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of .
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $8,000.
Mar. 4 Iurchased office supplies for .
Mar. 5 Eilled a client for of design services completed.
Mar. 6 Received 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
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Liabilities are economic resources that are expected
Q16: Balancing errors can be detected by computing
Q22: The four-column account _.<br>A) is an alternative
Q46: Regarding the double-entry system,which of the following
Q84: Companies use a ledger to show all
Q87: The following are selected current month's
Q154: Accounts Receivable is a(n)_ account and has
Q172: A business performs services for a customer
Q191: For expenses,the category of account and its
Q219: An asset account is increased by a