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The following transactions have been journalized and posted to the proper accounts. 1. Mark Call invested $7,000 cash in his new design services business. 2.
The following transactions have been journalized and posted to the proper accounts.
1. Mark Call invested $7,000 cash in his new design services business.
2. The business paid the first month's rent of $700.
3. The business purchased equipment by paying $2,000 cash and executing a note payable for $4,500.
4. The business purchased supplies for $850 cash.
5. The business billed a client for $4,000 of design services completed.
6. The business received $3,000 of the account for the completed services.
What is the balance in Cash?
A | $7,850 |
B | $6,450 |
C | $8,450 |
D | $8,150 |
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