The Following Transactions for the Month of March Have Been

question 33

Multiple Choice

The following transactions for the month of March have been journalised and posted to the proper accounts.

Mar 1 Martinez invested $7000 cash in his new design services business.
Mar 2 Paid the first month's rent of $600.
Mar 3 Purchased equipment by paying $3000 cash and executing a loan payable for $3000.
Mar 4 Purchased office supplies for $550 cash.
Mar 5 Billed a client for $10,000 of design services completed.
Mar 6 Received $8000 on account for the services previously recorded.
What is the balance in Accounts receivable?

• A)$2000
• B)$10,000
• C)$3000
• D)$8000

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Definitions:

Heart Disease

A broad term for a range of diseases affecting the heart, including coronary artery disease and heart failure.

Infectious Disease

Diseases caused by pathogenic microorganisms, such as bacteria, viruses, parasites, or fungi; these diseases can be spread, directly or indirectly, from one person to another.

Diabetes

A chronic condition characterized by high levels of sugar in the blood due to the body's inability to produce or use insulin effectively.

Immune System

The body's defense mechanism against infections, diseases, and foreign substances, comprising organs, cells, and proteins.