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The Following Transactions for the Month of March Have Been $10,000\$ 10,000

Question 65

Multiple Choice

The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship.
Mar. The business received $10,000\$ 10,000 cash from the owner of the business, Morris Tharps. The business gave capital to Mortis Tharps.
Mar. 2Paid the first month's rent of $1,000\$ 1,000 .
Mar. 3Purchased equipment by paying $2,000\$ 2,000 cash and executing a note payable for $5,000\$ 5,000 .
Mar. 4Purchased office supplies for $710cash\$ 710 \mathrm { cash }
Mar. 5Billed a client for $9,000\$ 9,000 of design services completed.
Mar. 6Received $7,600\$ 7,600 on account for the services previously recorded What is the balance in Cash on March 6?


A) $14,890
B) $13,890
C) $15,890
D) $15,600

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