The following transactions for the month of March have been journalized and posted to the proper accounts.
Mar. I Martinez invested cash in his new design services business.
Mar. 2 Paid the first month 5 rent of \$800.
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $5,000.
Mar. 4 Purchased office supplies for cash.
Mar. 5 Eilled a client for of design services completed.
Mar. 6 Received $8,000 on account for the services previously recorded.
-According to the above transactions.What is the balance in Accounts Receivable?
A) $8,000
B) $2,000
C) $5,000
D) $10,000
Correct Answer:
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