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2. The following transactions for the month of April have been journalized and posted to the proper accounts for a new company: April 1 The
2. The following transactions for the month of April have been journalized and | |||||||
posted to the proper accounts for a new company: | |||||||
April 1 | The business received $14,000 cash and issued common stock to | ||||||
stockholders. | |||||||
April 2 | Paid the first month's rent of $1,000. | ||||||
April 3 | Purchased equipment by paying $4,000 cash and executing a note | ||||||
payable for $12,000. | |||||||
April 4 | Purchased office supplies for $1,400 cash. | ||||||
April 5 | Billed a client for $24,000 of design services completed. | ||||||
April 6 | Received $18,000 on account for the services previously recorded. | ||||||
What is the balance in Accounts Receivable on April 30th? | |||||||
A. | $6,000 | ||||||
B. | $10,000 | ||||||
C. | $18,000 | ||||||
D. | $24,000 |
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