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

question 36

Multiple Choice

The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received $\$ 9,000$ cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $8O0.
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $5,000.
Mar. 4 Iurchased office supplies for $\$ 750 \mathrm { cash }$ .
Mar. 5 Eilled a client for $\$ 10,000$ of design services completed.
Mar. 6 Received $8, 000 on account for the services previously recorded.
- What is the balance in Cash?

• A)$13,250
• B)$12,450
• C)$15,450
• D)$14,000

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Definitions:

External Locus

An individual's belief that external forces, beyond their personal control, significantly influence their life’s outcomes.

Control

The capacity to impact individuals' conduct or the progression of happenings.

External Locus

A belief that one's successes or failures result from external factors beyond one's control, contrasting with an internal locus of control.

Control

The capability to sway or steer the actions of people or the flow of occurrences.