Question
The following transactions have been journalized and posted to the proper accounts. March is the first month of business operations. Mar. 1 The business received
The following transactions have been journalized and posted to the proper accounts. March is the first month of business operations. Mar. 1 The business received $ 8 comma 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 comma 000 cash and executing a note payable for $ 6 comma 000. Mar. 4 Purchased office supplies for $ 500 cash. Mar. 5 Billed a client for $ 11 comma 000 of design services completed. Mar. 6 Received $ 7 comma 000 on account for the services previously recorded. What is the ending balance in the Service Revenue account?
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