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:

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The beginning part of a method declaration, including its name, return type, and parameter list.

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A variable or placeholder used temporarily to store a double precision floating-point number during calculations or operations.

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Method Heading

The part of a method in programming that specifies the method's name, return type, and parameters.