Multiple Choice
The following transactions for the month of March have been journalised and posted to the proper accounts.
Mar 1 Martinez invested $9000 cash in his new design services business.
Mar 2 Paid the first month's rent of $900.
Mar 3 Purchased equipment by paying $4000 cash and executing a loan payable for $9000.
Mar 4 Purchased office supplies for $750 cash.
Mar 5 Billed a client for $8000 of design services completed.
Mar 6 Received $7900 on account for the services previously recorded.
What is the balance in Cash?
A) $12,900
B) $11,250
C) $12,150
D) $15,250
Correct Answer:

Verified
Correct Answer:
Verified
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