The Following Transactions for March Have Been Journalized and Posted

question 72

Multiple Choice

The following transactions for March have been journalized and posted to the proper accounts. Mar. 1 The business received a $10,000 cash contribution from the owner.
Mar) 2 Paid the first month's rent of $800.
Mar) 3 Purchased equipment by paying $4,000 cash and executing a note payable for $6,000.
Mar) 4 Purchased office supplies for $500 cash.
Mar) 5 Billed a client for $14,000 of design services completed.
Mar) 6 Received $6,000 on account for the services previously recorded.
What is the ending balance in the Service Revenue account?

• A) $16,000
• B) $10,000
• C) $14,000
• D) $6,000

Assess the performance of mutual funds and the implications for investment choice.

Interpret the results of empirical research studies on market efficiency and stock performance.

Distinguish between the three forms of market efficiency and their information sets.

Understand the dynamic nature of consumer market segments and subcultures.

---

Definitions:

Uncentralized Political Systems

Political systems in which power is not located in a central authority but is dispersed among various groups and organizations.

Judicial Proceedings

The process of legal and formal adjudication in courts of law, encompassing the conducting of trials and hearings.

Social Harmony

A state of peaceful coexistence and mutual understanding within a society or group.

Vibrant Plumage

Refers to bright and colorful feathers of birds, often used for attraction or signaling within species.