A sole proprietorship reported the following transactions for the month of March. The transactions have been journalized and posted to the proper accounts.

Mar. 1 The business received$7,000 cash from the owner in exchange for capital.

Mar. 2 Paid the firstmonth's rent of$600.

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

Mar. 4 Purchased office supplies for$700 cash.

Mar. 5 Billed a client for$10,000 of design services completed.

Mar. 6 Received$8,000 on account for the services previously recorded.

What is the balance in AccountsReceivable?

A.

$10,000

B.

$2,000

C.

$8,000

D.

$3,000