The Following Transactions for the Month of March Have Been $\$ 9,000$

question 38

Essay

The following transactions for the month of March have been journalized and posted to the proper accounts.
Mar. I Martinez invested $\$ 9,000$ cash in his new design services business.
Mar. 2 Paid the first month 5 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 Eilled a client for $\$ 10,000$ of design services completed.
Mar. 6 Received $8,000 on account for the services previously recorded.
-According to the above transactions.What is the balance in Accounts Receivable?
A) $8,000
B) $2,000
C) $5,000
D) $10,000

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

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Definitions:

Conservative Democracy

A form of democracy that emphasizes the importance of traditional values and social stability, often associated with conservative political ideologies.

Casualties

Individuals who are killed, wounded, or otherwise harmed as a result of military action, accidents, or disasters.

Technology Change

The process through which new technologies are developed and introduced, altering how individuals, societies, or industries operate.

Lincoln

Abraham Lincoln, the 16th President of the United States, is known for leading the country during the Civil War and signing the Emancipation Proclamation.