The Following Transactions for the Month of March Have Been

question 42

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 ending balance in the Service Revenue account?

• A)$19,000
• B)$9,000
• C)$10,000
• D)$8,000

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Definitions:

Effortful Control

The ability to regulate one's behavior, emotions, and thoughts in the face of temptations and impulses, essentially exercising self-control.

Stranger Wariness

A developmental phase in which infants and young children become cautious and often fearful of unfamiliar people.

Temperamental Style

Refers to the inherent patterns of emotions and behaviors that are evident from early life, shaping an individual's approach to the environment.

Stranger Anxiety

A developmental stage in infants and toddlers where they exhibit fear or distress around unfamiliar people.