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 cash from the owner of the business, Morris Tharps. The business gave capital to Mortis Tharps.
Mar. 2Paid the first month's rent of .
Mar. 3Purchased equipment by paying cash and executing a note payable for .
Mar. 4Purchased office supplies for
Mar. 5Billed a client for of design services completed.
Mar. 6Received 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
Correct Answer:

Verified
Correct Answer:
Verified
Q60: Durable Plastics Company had the following
Q61: The higher the debt ratio,the lower the
Q62: In reviewing the T-account for Accounts Receivable,you
Q63: The owner's claim to the assets of
Q64: At the end of a month,a
Q66: Which of the following is a liability
Q67: Which of the following is a liability
Q68: Transactions are first recorded in a _.<br>A)
Q69: Watson Foods Company,a sole proprietorship,reported the following
Q70: All asset accounts and equity accounts increase