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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 $10,000 cash
The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received $10,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $700. Mar. 3 Purchased equipment by paying $2,500 cash and executing a note payable for $5,000. Mar. 4 Purchased office supplies for $720 cash. Mar. 5 Billed a client for $8,000 of design services completed. Mar. 6 Received $7,700 on account for the services previously recorded. What is the balance in Cash on March 6? A. $13,780 B. $15,200 C. $14,480 D. $16,280
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