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 first month's rent of $700 Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $6,000. Mar. 4 Purchased office supplies for $600 cash. Mar 5 Billed a client for $12,000 of design services completed Mar 6 Received 59,000 on account for the services previously recorded What is the ending balance in the Service Revenue account? O A. $12 $12.900 OB. $10,000 OC. $19,000 OD. $9,000 0 The time span during which cash is paid for goods and services which are then sold to customers from whom the business collects cash is called the OA sales time OB production time OC operating cycle OD accounting cycle 0 Oo O of O of 1 O of 1 O of