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Mar. 1 The business received $7,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $1,000. Mar. 3 Purchased
Mar. 1 The business received $7,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $1,000. Mar. 3 Purchased equipment by paying $2,000 cash and executing a note payable for $8,000. Mar. 4 Purchased office supplies for $730 cash. Mar. 5 Billed a client for $11,000 of design services completed. Mar. 6 Received $8,000 on account for the services previously recorded. What is the balance in Cash on March 6? OA. $12,270 OB. $11,270 OC. $13,270 OD. $13.000
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