29. Refer to the above data. What is the balance in the Cash account at the end of March? A. $283,000. B. $343,000. C. $3 I 8,000. D. $378,000. 30. Refer to the above data. What are total assets of Quality Galieries at; the end of March? A. $283,000. B. $162,000. C. $445,000. D. $480,000. 3]. Refer to the above data. What is the balance in the Note Payable account at the end of March? A. $120,000. B. $85,000. C. $35000. D. $155,000 32. Refer to the above data. What is the total owners' equity at the end of March? A. $283,000. B. $445,000. C. $480,000. 1). $360,000. The following transactions occurred during March, the first month of operations for Quality Galleries, Inc.: * Capital stock was issued in exchange for $360,000 cash, * Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance. * Made a $35,000 cash payment on the note payable from the purchase of equipment. * Sold a piece of equipment for cash of $18,000. The equipment was sold at cost, so there is no gain or loss on the sale