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The Following Transactions Have Been Journalized and Posted to the Proper

Question 181

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 $7,000\$ 7,000 cash from the owner in excharige for capital.
Mar. 2 Paid the first month's rent of $800\$ \mathbf { 8 0 0 } .
Mar. 3 Purchased equipment by paying $3,000\$ 3,000 cash and executing a note payable for $4,000\$ 4,000 .
Mar. 4 Purchased office supplies for $750cash\$ 750 \mathrm { cash } .
Mar. 5 Billed a client for $12,000\$ 12,000 of design services completed.
Mar. 6 Received $6,000\$ 6,000 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

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