The Following Transactions for the Month of March Have Been

question 29

Multiple Choice

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

Mar 1 Martinez invested $9000 cash in his new design services business.
Mar 2 Paid the first month's rent of $900.
Mar 3 Purchased equipment by paying $4000 cash and executing a loan payable for $9000.
Mar 4 Purchased office supplies for $750 cash.
Mar 5 Billed a client for $8000 of design services completed.
Mar 6 Received $7900 on account for the services previously recorded.
What is the balance in Cash?

• A)$12,900
• B)$11,250
• C)$12,150
• D)$15,250

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Definitions:

Tremors

Involuntary, rhythmic muscle movements that cause shaking in one or more parts of the body, often the hands, and can result from neurological conditions, stress, or other factors.

Flunitrazepam

A potent sedative drug that is part of the benzodiazepine family, often associated with its use as a "date-rape" drug.

Benzodiazepine

A class of psychoactive drugs known for their tranquilizing effects, often used to treat anxiety, insomnia, and seizures, among other conditions.

"Date Rape" Drug

Substances that are sometimes used to facilitate sexual assault by incapacitating the victim, making them unable to consent or resist.