The Following Transactions Have Been Journalised and Posted to the Proper

question 44

Multiple Choice

The following transactions have been journalised 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 with $700 cash.
3.The business purchased equipment by paying a $2 000 deposit and borrowing $4 500.
4.The business purchased supplies for $850 cash.
5.The business billed its clients a total of $4 000 for design services rendered.
6.The business collected $3 000 on credit from one of its clients.
What is the balance in Service revenue?

• A)$3 000
• B)$3 150
• C)$1 000
• D)$4 000

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Definitions:

Credibility

The quality of being trusted and believed in, crucial for effective communication and maintaining relationships.

HR Team

A group within an organization responsible for managing human resources functions, including recruitment, training, and employee relations.

Euphemisms

Words or phrases used to avoid or soften expressions that might be considered harsh or unpleasant to hear.

Senior Citizens

Individuals who are considered to be in the later stage of life, often defined by retirement age or specific age thresholds, typically 65 and older.