Multiple Choice
The following transactions have been journalized and posted to the proper accounts.March is the first month of business operations for the sole proprietorship. Mar. 1 The business received cash from the owner in excharige 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 .
Mar. 5 Billed a client for of design services completed.
Mar. 6 Received on account for the services previously recorded What is the ending balance in the Service Revenue account?
A) $13,000
B) $7,000
C) $12,000
D) $6,000
Correct Answer:

Verified
Correct Answer:
Verified
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