The Following Transactions for the Month of March Have Been

question 57

Multiple Choice

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 $600.
Mar) 3 Purchased equipment by paying $4,000 cash and executing a note payable for $5,000.
Mar) 4 Purchased office supplies for $600 cash.
Mar) 5 Billed a client for $10,000 of design services completed.
Mar) 6 Received $8,000 on account for the services previously recorded.
What is the balance in Accounts Receivable?

• A) $8,000
• B) $2,000
• C) $5,000
• D) $10,000

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Definitions:

Correlation Effects

The outcomes or implications of a statistical relationship between two or more variables, indicating how they might move together or influence each other.

Memory Training

Techniques and exercises designed to improve a person's ability to remember information, thereby enhancing cognitive function.

Artificial Circumstances

Situations or environments that are created or manipulated by humans, rather than occurring naturally.

Experimental Research

A scientific method that seeks to determine cause-and-effect relationships by manipulating one variable while keeping others constant to observe the effects on the manipulated variable.