The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received a $9,000 cash contribution from the owner.
Mar) 2 Paid the first month's rent of $600.
Mar) 3 Purchased equipment by paying $4,000 cash and executing a note payable for $5,000.
Mar) 4 Purchased office supplies for $600 cash.
Mar) 5 Billed a client for $10,000 of design services completed.
Mar) 6 Received $8,000 on account for the services previously recorded.
What is the balance in Accounts Receivable?

Question

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The Answer of The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received a $9,000 cash contribution from the owner.
Mar) 2 Paid the first month's rent of $600.
Mar) 3 Purchased equipment by paying $4,000 cash and executing a note payable for $5,000.
Mar) 4 Purchased office supplies for $600 cash.
Mar) 5 Billed a client for $10,000 of design services completed.
Mar) 6 Received $8,000 on account for the services previously recorded.
What is the balance in Accounts Receivable?

The Following Transactions for the Month of March Have Been