The following transactions have been journalized and posted to the proper accounts. March is the first month of business operations. Mar, 1 The business received cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $800.
Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $5,000.
Mar. 4 Purchased office supplies for .
Mar. 5 Filled a client for of design services completed.
Mar. 6 Received on account for the services previously recorded. What is the ending balance in the Service Revenue account?
A) $16,000
B) $10,000
C) $14,000
D) $6,000
Correct Answer:
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