The Following Transactions for the Month of March Have Been

question 36

Multiple Choice

The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 Martinez invested $9,000 cash in his new design services business.
Mar. 2 Paid the first month's rent of $800.
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $5,000.
Mar. 4 Purchased office supplies for $750 cash.
Mar. 5 Billed a client for $10,000 of design services completed.
Mar. 6 Received $8,000 on account for the services previously recorded.
What is the balance in Cash?

• A)$13,250
• B)$12,450
• C)$15,450
• D)$14,000

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Definitions:

Expedient Solutions

Expedient solutions are practical and quick responses to a problem, devised to bring about an immediate improvement or resolution.

Functional Conflict

A form of conflict that supports the goals of the group and improves its performance by encouraging constructive communication and problem solving.

Dysfunctional Conflict

A disagreement that leads to negative consequences, harming the group's performance, or interpersonal relationships.

Neutral Third Party

An unbiased individual or entity not directly involved in a situation or dispute, who may act as a mediator or arbitrator.