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 .
Mar. 3 Purchased equipment by paying \$3,000 cash and expcuting a note payable for $7,000.
Mar. 4 Purchased office supplies for .
Mar. 5 Eilled a client for \$10,000 of design services completed.
Mar. 6 Received on account for the services previously recorded. What is the balance in Cash?
A) $13,170
B) $12,270
C) $15,270
D) $13,900
Correct Answer:
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