1.The following transactions for the month of March have been journalized and posted to the proper accounts

Mar. 1 The business received a $9,000 cash contribution from the owner.

Mar. 2 Paid the first month's rent of $900.

Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $5,000.

Mar. 4 Purchased office supplies for $710 cash.

Mar. 5 Billed a client for $9,000 of design services completed.

Mar. 6 Received $7,600 on account for the services previously recorded

What is the balance in Cash

a.$11,890

b.$10,990

c.$14,990

d.$12,600

2. The following transactions have been journalized and posted to the proper accounts.

1. Mark Call invested $7,000 cash in his new design services business.

2. The business paid the first month's rent of $700.

3. The business purchased equipment by paying $2,000 cash and executing a note payable for $4,500.

4. The business purchased supplies for $850 cash.

5. The business billed a client for $4,000 of design services completed.

6. The business received $3,000 of the account for the completed services.

What is the balance in Cash?

a.$7,850

b.$6,450

c.$8,450

d.$8,150

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