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 $10,000 cash and issued common stock to stockholders.
Mar. 2 Paid the firstmonth's rent of $700.
Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $4,000.
Mar. 4 Purchased office supplies for $600 cash.
Mar. 5 Billed a client for $11,000 of design services completed.
Mar. 6 Received $6,000 on account for the services previously recorded.
What is the ending balance in the Service Revenueaccount?
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