The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $8O0.
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $5,000.
Mar. 4 Iurchased office supplies for .
Mar. 5 Eilled a client for of design services completed.
Mar. 6 Received $8, 000 on account for the services previously recorded.
- What is the balance in Cash?
A) $13,250
B) $12,450
C) $15,450
D) $14,000
Correct Answer:
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