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:

Two-dimensional Barcode

An optical, machine-readable representation of data, which can store various types of information and is typically scanned by a mobile device.

Game World

An immersive, virtual environment where gamers interact, explore, and engage in gameplay, often found within video games.

Barriers To Entry

Economic, procedural, or regulatory hindrances that prevent new competitors from easily entering an industry or area of business.

Playing Times

Predetermined or established periods during which games or activities are played.