Multiple Choice
A sole proprietorship reported the following transactions for the month of March.The transactions have been journalized and posted to the proper accounts. Mar. I The business received cash from the owner in excharge for capital.
Mar. 2 Paid the first month's rent of .
Mar. 3 Purchased equipment by paying cash and executing a note payable for .
Mar. 4 Purchased office supplies for cash.
Mar. 5 Billed a client for of desipr services completed.
Mar. 6 Received on account for the services previously recorded. What is the balance in Accounts Receivable?
A) $9,000
B) $2,000
C) $3,000
D) $11,000
Correct Answer:

Verified
Correct Answer:
Verified
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