The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship.
What is the balance in Cash on March 6?
A)$14,890
B)$13,890
C)$15,890
D)$15,600

Question

The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship.
 What is the balance in Cash on March 6?
A)$14,890 
B)$13,890 
C)$15,890 
D)$15,600

Quizplus · Accepted Answer

B)Cash is increased by the March 1 transaction of $10,000 and the March 6 amount of $7,600 and decreased by the March 2 payment of $1,000,March 3 payment of $2,000,and March 4 payment of $710 for a final cash balance of $13,890.

The Following Transactions for the Month of March Have Been