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The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship. Mar. 1 Mar. 2
The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship. Mar. 1 Mar. 2 Mar. 3 Mar. 4 Mar. 5 Mar. 6 The business received $8,000 cash from the owner of the business, Morris Tharps. The business gave capital to Morris Tharps. Paid the first month's rent of $700. Purchased equipment by paying $2,500 cash and executing a note payable for $6,000. Purchased office supplies for $720 cash. Billed a client for $10,000 of design services completed Received $7,600 on account for the services previously recorded. What is the balance in Cash on March 6? O A. $11,680 OB. $12.380 OC, $13,100 O D. $14,180
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