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The Following Transactions Have Been Journalized and Posted to the Proper

Question 52

Multiple Choice

The following transactions have been journalized and posted to the proper accounts.
1) Mark Call invested $7,000 cash in his new design services proprietorship..
2) Mark paid the first month's rent with $700.
3) Mark purchased equipment by paying $2,000 down and executing a note payable for $4,500.
4) Mark purchased supplies for $850 cash.
5) Mark billed a client for $4,000 of design services completed.
6) Mark received $3,000 of the account for the completed services.
What is the balance in Service revenue?


A) $1,000
B) $3,000
C) $4,000
D) $3,150

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