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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 $7,000 cash and
The following transactions for the month of March have been journalized and posted to the proper accounts Mar. 1 The business received $7,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $600. Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $5,000. Mar. 4 Purchased office supplies for $750 cash. Mar. 5 Billed a client for $14,000 of design services completed. Mar. 6 Received $8,000 on account for the services previously recorded. Bulid eces competed What is the balance in Accounts Receivable? OA. $8,000 B. $14,000 O c. $5,000 O D. $6,000
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