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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 and

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

$800.

Mar. 3

Purchased equipment by paying

$2,000

cash and executing a note payable for

$4,000.

Mar. 4

Purchased office supplies for

$500

cash.

Mar. 5

Billed a client for

$10,000

of design services completed.

Mar. 6

Received

$8,000

on account for the services previously recorded.

What is the balance in Accounts Receivable?

A. $8,000 B. $4,000 C. $10,000 D. $2,000

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