The Following Transactions for the Month of March Have Been

question 27

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 Accounts Receivable?

• A)$8,000
• B)$2,000
• C)$5,000
• D)$10,000

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Definitions:

Interviewing Techniques

The methods and strategies used to conduct effective interviews, gathering information through questions and answers.

Active Listening

The practice of fully concentrating, understanding, responding, and remembering what is being said in a conversation.

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The set of ethical and competence criteria expected to be followed within a professional field.

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A comprehensive evaluation of a patient's health status and needs, conducted by a nurse as the first step in the nursing process.