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The following transactions have been journalized 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 $2,000 down and executing a note payable for $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 account from one of its clients.
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What is the balance in Accounts receivable?
A) $8,500
B) $1,000
C) $7,000
D) $4,000
Direct Format
A communication style that is straightforward and clear, minimizing misunderstanding by stating information explicitly.
Delivering Bad News
The process of communicating unfavorable or disappointing information to someone in a sensitive and thoughtful manner.
Five Goals
A set number of objectives intended to be achieved, often referenced in planning and strategy contexts.
Direct Approach
A straightforward method of dealing with a situation or problem, often characterized by clear, explicit communication or action.
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