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The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received $9,000 cash and
The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received $9,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $600. Mar. 3 Purchased equipment by paying $1,000 cash and executing a note payable for $6,000. Mar. 4 Purchased office supplies for $750 cash. Mar. 5 Billed a client for $14,000 of design services completed. Mar. 6 Received $5,000 on account for the services previously recorded. What is the balance in Accounts Receivable? O A. $5,000 O B. $14,000 OC. $9,000 OD. $6,000
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