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The Following Transactions for the Month of March Have Been

question 96

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The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received a $9,000 cash contribution from the owner.
Mar) 2 Paid the first month's rent of $900.
Mar) 3 Purchased equipment by paying $4,000 cash and executing a note payable for $5,000.
Mar) 4 Purchased office supplies for $710 cash.
Mar) 5 Billed a client for $9,000 of design services completed.
Mar) 6 Received $7,600 on account for the services previously recorded.
What is the balance in Cash?

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Definitions:

Forced Distributions

A performance management system where employee evaluations are distributed along a bell curve, requiring managers to rank employees against each other.

Performance Appraisal

The process of evaluating an employee's job performance and productivity to provide feedback and identify areas for improvement.

Organizational Objectives

The defined goals and aims that guide the activities and directions of a company or organization.

Balanced Scorecard

An integrated organizational performance measuring approach that looks at organizational learning and innovation, financial management, internal operations, and customer management.

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