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 $800. Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $6,000 Mar. 4 Purchased office supplies for $710 cash. Mar. 5 Billed a client for $12,000 of design services completed. Mar. 6 Received $7,500 on account for the services previously recorded. What is the balance in Cash on March 6? che un A. $9,790 OB. $12,990 O C. $10,500 OD. $8,990 A business purchases equipment by paying $10,000 in cash and issuing a note payable of $20,000 Which of the following occurs? O A. Cash is credited for $10,000, Equipment is debited for $30,000, and Notes Payable is credited for $20,000 O B. Cash is debited for $10,000, Equipment is debited for $20,000, and Notes Payable is credited for $30,000. O C. Cash is credited for $10,000, Equipment is credited for $30,000, and Notes Payable is debited for $20,000. D. Cash is debited for $10,000, Equipment is credited for $20,000, and Notes Payable is debited for $10,000